Abstract

The outbreak of the new coronavirus respiratory disease COVID-19 has left the entire world shattered for which no vaccines and advanced treatment is available. WHO has declared this disease as pandemic causing panic and concerns for human health around the world. This virus knocked in India, when India reported its first case on January 30, 2020 in Kerala and till then there is no full stop. Indian economy has been kept on “pause” mode since ever Shri Narendra Modi, has declared nationwide lockdown to prevent the outburst of this pandemic. Beginning from Stock market to other financial markets to various sectors, this has left nothing untouched. The real magnitude of the economic impact would depend on severity of the situation, public health and lifting up of lockdown. So, the researcher has attempted to show the effect of COVID-19 on different sectors of Indian economy and analyze the risk and returns during the pandemic period along measuring volatility. For this purpose, closing stock prices of BSE SENSEX and various other sectoral indices have been taken for the period of 2nd December to 28th April 2020. The comparative sudy uses the basic descriptive, ANOVA and CAPM model in current study.Garch model has been applied to check the volatility.

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