Abstract
Most of the countries in the world are highly dependent on China for components and raw materials. Due to this over dependence the outbreak Coronavirus in China (on 13th January 2020) may have serious reverberation not just to the world economy but also to the Stock markets around the globe including that of in India. This research paper is trying to analyze the impact of Coronavirus on Indian Stock market. This study is using Event Study Methodology to analyze the stock market reaction by taking one of the major indexes of NSE i.e. Nifty 50. The study period was from 2nd January 2020 to 22nd January 2020.The outbreak of the event took place on 13th January 2020.The result is being observed from the comparison of both pre (-7 days) and post-event window (+ 7 days).Index values were observed and abnormal returns were calculated for the study period and the impact was evaluated. It was found that there is significant impact of Coronavirus on the stock market in India. The study also found that this short period downfall in the stock prices can be due to some other factors.
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