Published Paper Details:

As the cases of Covid-19 came to light and subsequently spread around the world during the initial months of 2020, Indian stock markets which were nearing their all-time highs started falling. The economic conditions in the country were also worsening as was observed by the 11-year low GDP numbers recorded in last quarter in Fiscal Year 2019. The spread of coronavirus in India subsequently led to a complete lockdown in the country resulting in complete shutdown of the economic activities followed by a fall in GDP, rise in Inflation & Unemployment rates and fall in Interest rates. This study has tried to find if these economic conditions had any correlation with the fluctuations in the stock markets. The study found that the Inflation rate had a statistically significant impact on the stock market performance whereas Unemployment rate & Interest rates did not significantly impact the market during this Covid-19 pandemic. The study also aimed to find if the performance of the major global indices had any impact on the Indian stock market performance. It was found that several major indices such as NYSE, HANGSENG and FTSE did have a statistically significant impact on the Indian stock indices.