CASES, DEATHS, STRINGENCY INDEXES AND INDIAN FINANCIAL MARKET — EMPIRICAL EVIDENCE DURING COVID-19 PANDEMIC

Shailaja Kheni () and Santosh Kumar
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Shailaja Kheni: Department of Management Studies, PG Center, Visvesvarayya Technological University, Kalaburagi, Karnataka, India
Santosh Kumar: Department of Management Studies, H.K.E Society’s S.L.N. College of Engineering, Raichur, Karnataka, India

Annals of Financial Economics (AFE), 2021, vol. 16, issue 02, 1-13

Abstract: The primary motive of the present study is to investigate the effect of COVID-19 pandemic on the Indian financial market. In this paper, we explain financial market volatility through stock market indices due to changes in the total number of COVID-19 cases, deaths and stringency index over a study period. The results of the study show that there exists a significant relationship between the total number of confirmed cases, total deceased due to COVID-19, and the country’s response towards pandemic i.e., stringency index and considered stock indices of Indian financial market. For the proposed analysis, we use ordinary least square regression models with residual diagnosis.

Keywords: Corona virus; COVID-19; pandemic; stringency index; Indian financial market (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S2010495221500093

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