COVID-19’s Impact on Indian Financial Market

8 Pages Posted: 10 Sep 2021

Date Written: May 1, 2021


This study analyses the impacts of the COVID-19 pandemic on the Indian Stock Exchange in the initial months. Inclusive investigation suggests that the fears of coronavirus effect on the global economy have rocked markets worldwide, with stock prices plunging. The Indian stocks were eventually „back in the red‟ despite various stimulus packages announced by the Fed and RBI. It further describes why COVID-19 is not the only reason for the recent stock market crash and suggests that falling stock markets might not be the only reason for a possible global recession as the real challenge this time is the interaction of supply shock with a substantial fall in spending by consumers and businesses, i.e., demand shock which will produce a deeper and a more lasting recession.

Keywords: COVID-19, Financial Market, Stock Price

JEL Classification: E44, E40, E47, G21

Suggested Citation

Huynh, Phat, COVID-19’s Impact on Indian Financial Market (May 1, 2021). Available at SSRN: or

Phat Huynh (Contact Author)

Tan Tao University ( email )


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