Effect of COVID-19 Pandemic on NSE Nifty Energy Index

Manivannan Babu, A. Antony Lourdesraj, Gayathri Jayapal, G. Indhumathi and J. Sathya
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Manivannan Babu: Bharathidasan School of Management, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India,
A. Antony Lourdesraj: Bharathidasan School of Management, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India,
Gayathri Jayapal: Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India
G. Indhumathi: Mother Teresa Women s University, Kodaikanal, Tamil Nadu, India
J. Sathya: Sri Sarada College for Women, Salem, Tamil Nadu, India.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 4, 141-145

Abstract: The research intends to assess the efficiency of NSE Energy Index-listed firms throughout the COVID-19 before and post pandemic phases, which run from 2019 to 2021. The primary goal of this article was to examine the price movement of corporations in the petroleum, gas, and electricity sectors by employing statistical methods such as descriptive statistics, ADF, and the GARCH (1,1) model, during the period of study. When comparing the post-COVID-19 pandemic era to the pre-COVID-19 pandemic period, certain firms experienced excessive volatility. The energy market's investor sentiment was significantly higher on the tail events, suggesting that anxious investors raced to put options and paid an exorbitant premium to shield them against unprecedented danger in the energy market.

Keywords: COVID-19; NIFTY Energy; GARCH (1; 1) (search for similar items in EconPapers)
JEL-codes: B26 F44 G15 Q43 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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