Fluctuation in Financial Market of India and China: A Comparative Study

Abstract

The Corona Virus, which originated from Wuhan, China, is a severe shock even compared to the Great Financial Crisis in 2007–08. However, the impact of the COVID-19 on the financial markets of India and China has never been researched on a comparative basis. The present study is undertaken to investigate the impact of the COVID-19 on the Financial Markets of India and China in the peak time of pandemic i.e., from January 2020 to July 2020. The research paper majorly focused on the Shanghai stock market of China and the Bombay Stock Exchange of India. The study was mainly based on secondary sources of data collected from various websites and articles. For the purpose of the study, the data of every 10th day has been collected from January 2020 to July 2020. The study reveals that there was a significant impact of COVID–19 on the financial market of India whereas there is an insignificant impact of COVID–19 on the financial market of China on basis of correlation results.

Keywords: Financial Market, Capital Market, Stock Exchanges, Pandemic, Share Market, Impact, Global Economy