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How COVID-19 Influences Indian Sectoral Stocks

Author

Listed:
  • Johnson A. Oliyide
  • Abiodun M. Adetokunbo
  • Ismail O. Fasanya

    (Department of Economics, Federal University of Agriculture, Abeokuta, Nigeria)

Abstract

Studies have documented the strong effect of the COVID-19 pandemic on different world economies. In this study, we examine the influence of COVID-19 cases in India on the country’s sectoral stock indices. Our results find that COVID-19 has had a negligible influence on the returns of these stocks; however, it causes them to fluctuate significantly. We provide insights for the government and local and international investors.

Suggested Citation

  • Johnson A. Oliyide & Abiodun M. Adetokunbo & Ismail O. Fasanya, 2022. "How COVID-19 Influences Indian Sectoral Stocks," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(2), pages 1-5.
    • Handle: RePEc:ayb:jrnael:69
    DOI: 2022/06/16
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    References listed on IDEAS

    as
    1. Kumari, Jyoti & Mahakud, Jitendra, 2015. "Does investor sentiment predict the asset volatility? Evidence from emerging stock market India," Journal of Behavioral and Experimental Finance, Elsevier, vol. 8(C), pages 25-39.
    2. Mehmet Balcilar & Stelios Bekiros & Rangan Gupta, 2017. "The role of news-based uncertainty indices in predicting oil markets: a hybrid nonparametric quantile causality method," Empirical Economics, Springer, vol. 53(3), pages 879-889, November.
    3. Gourishankar S. Hiremath, 2014. "Indian Stock Market," SpringerBriefs in Economics, Springer, edition 127, number 978-81-322-1590-5, October.
    4. Abuzayed, Bana & Bouri, Elie & Al-Fayoumi, Nedal & Jalkh, Naji, 2021. "Systemic risk spillover across global and country stock markets during the COVID-19 pandemic," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 180-197.
    5. Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
    6. Alok Kumar Mishra & Badri Narayan Rath & Aruna Kumar Dash, 2020. "Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2162-2180, August.
    7. Takyi, Paul Owusu & Bentum-Ennin, Isaac, 2021. "The impact of COVID-19 on stock market performance in Africa: A Bayesian structural time series approach," Journal of Economics and Business, Elsevier, vol. 115(C).
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    Citations

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    Cited by:

    1. Fasanya, Ismail O. & Oyewole, Oluwatomisin J., 2023. "On the connection between international REITs and oil markets: The role of economic policy uncertainty," Resources Policy, Elsevier, vol. 81(C).
    2. Ohikhuare, Obaika M., 2023. "How geopolitical risk drives spillover interconnectedness between crude oil and exchange rate markets: Evidence from the Russia-Ukraine war," Resources Policy, Elsevier, vol. 86(PB).

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    More about this item

    Keywords

    indian sectoral stocks; nonparametric causality in quantiles; covid-19;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • C29 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Other

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