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Effect of COVID-19 Pandemic on NSE Nifty Energy Index

Author

Listed:
  • 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.)

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.

Suggested Citation

  • Manivannan Babu & A. Antony Lourdesraj & Gayathri Jayapal & G. Indhumathi & J. Sathya, 2022. "Effect of COVID-19 Pandemic on NSE Nifty Energy Index," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 141-145, July.
    • Handle: RePEc:eco:journ2:2022-04-18
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    References listed on IDEAS

    as
    1. Sanjeeta Shirodkar & Guntur Anjana Raju, 2021. "Futures Trading, Spot Price Volatility and Structural Breaks: Evidence from Energy Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 230-239.
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    4. Galyna Trypolska & Olena Kryvda & Tetiana Kurbatova & Olesya Andrushchenko & Chingiz Suleymanov & Yevgeniy Brydun, 2021. "Impact of New Renewable Electricity Generating Capacities on Employment in Ukraine in 2021-2030," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 98-105.
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    Cited by:

    1. Manivannan Babu & C. Hariharan & S. Srinivasan & P. S. Shabi Shimny & Gayathri Jayapal & G. Indhumathi & J. Sathya & Brintha Rajendran & Veeramani Anandhabalaji & Chinnadurai Kathiravan, 2023. "Return and Volatility Spillovers of Asian Pacific Stock Markets Energy Indices," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 61-66, January.
    2. V. Anandhabalaji & Manivannan Babu & J. Gayathri & J. Sathya & G. Indhumathi & R. Brintha & Justin Nelson Michael, 2023. "Examining the Volatility of Conventional Cryptocurrencies and Sustainable Cryptocurrency during Covid-19: Based on Energy Consumption," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 344-352, November.

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    More about this item

    Keywords

    COVID-19; NIFTY Energy; GARCH (1; 1);
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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