Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST?

Mishra, Alok Kumar; Rath, Badri Narayan; Dash, Aruna Kumar

doi:10.1080/1540496x.2020.1785425

Cited by 175 publications

(92 citation statements)

References 36 publications

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“…Recent studies examine the impact of COVID-19 on the emerging stock markets. Mishra, Rath, and Dash (2020) find that all Indian stock indices react negatively to the COVID-19 outbreak. Salisu and Akanni (2020) also demonstrate that the global fear index (GFI) based on the cases and deaths from the COVID-19 is a good predictor of stock returns in the BRICS countries during the pandemic.…”

Section: Literature Review and Hypothesesmentioning

confidence: 84%

How do equity markets react to COVID-19? Evidence from emerging and developed countries

Harjoto

Rossi

Lee

et al. 2021

Journal of Economics and Business

140

101

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Section: Literature Review and Hypothesesmentioning

confidence: 84%

How do equity markets react to COVID-19? Evidence from emerging and developed countries

Harjoto

Rossi

Lee

et al. 2021

Journal of Economics and Business

140

101

View full text Add to dashboard Cite

“…Estrada, et al [60] explored ten major stock markets worldwide and cautioned that the effects of SARS-CoV-2 crisis may engender comparable impairment of the Crisis 1929, also being estimated a period between 9 and 12 months for recovery. Mishra, et al [61] revealed that all Indian stock market returns were negative during COVID-19 as compared with contemporary main structural changes such as demonetization and implementation of goods and services tax. In contrast, Bhuyan, et al [62] exposed that stock market returns of the SARS diseased nations displayed substantial rise related to the pre-SARS stage.…”

Section: Prior Research Regarding the Economic And Financial Consequementioning

confidence: 99%

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Gherghina

Armeanu

Joldeș

2020

IJERPH

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This paper examines the linkages in financial markets during coronavirus disease 2019 (COVID-19) pandemic outbreak. For this purpose, daily stock market returns were used over the period of December 31, 2019–April 20, 2020 for the following economies: USA, Spain, Italy, France, Germany, UK, China, and Romania. The study applied the autoregressive distributed lag (ARDL) model to explore whether the Romanian stock market is impacted by the crisis generated by novel coronavirus. Granger causality was employed to investigate the causalities among COVID-19 and stock market returns, as well as between pandemic measures and several commodities. The outcomes of the ARDL approach failed to find evidence towards the impact of Chinese COVID-19 records on the Romanian financial market, neither in the short-term, nor in the long-term. On the other hand, our quantitative approach reveals a negative effect of the new deaths’ cases from Italy on the 10-year Romanian bond yield both in the short-run and long-run. The econometric research provide evidence that Romanian 10-year government bond is more sensitive to the news related to COVID-19 than the index of the Bucharest Stock Exchange. Granger causality analysis reveals causal associations between selected stock market returns and Philadelphia Gold/Silver Index.

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“…Al-Awadhi et al (2020) found that daily growth in total COVID-19 confirmed cases and deaths have significant effects on stock returns across companies in China. In a study, Mishra et al (2020) found that all the stock market indices depicted downturn during COVID-19 in India and concluded from the Markov-Switching Vector Autoregressive (VAR) model that the impact is severe on stock returns. However, Ali et al (2020) observed that the plummets in stock market returns in China were relatively lower than that in the USA, the UK, Germany and South Korea, where market volatilities were larger.…”

Section: Literature Reviewmentioning

confidence: 99%

Corona Pandemic and Stock Market Behaviour: Empirical Insights from Selected Asian Countries

Mishra

2020

Millennial Asia

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On the onset of the year 2020, the unprecedented outbreak of novel coronavirus, initially as a human health epidemic and later as a global pandemic, has wobbled the economies of affected countries across the globe. The consequential unexpected occurrences of supply- and demand-side shocks forced the economies to trim down their growth prospects. The interplay of these shocks has generated spirals of downturns in all major economic sectors, including the financial sector in affected countries. Specifically, the stock markets immediately nosedived, following the outbreak of the global spread of coronavirus disease 2019 (COVID-19). Thus, we examine the behaviour of the selected Asian stock markets amid the huge uncertainties of the corona pandemic and find the occurrences of volatility clustering in these markets. Such volatility clustering primarily occurred, owing to the pessimistic and panic sentiments of investors, and the increase in the number of COVID-19 confirmed cases, changes in oil prices, and exchange rates were found to be significant in channelizing the fears and uncertainties of coronavirus pandemic to cause unexpected nosedives in Asian stock markets.

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Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST?

Cited by 175 publications

References 36 publications

How do equity markets react to COVID-19? Evidence from emerging and developed countries

How do equity markets react to COVID-19? Evidence from emerging and developed countries

Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis

Corona Pandemic and Stock Market Behaviour: Empirical Insights from Selected Asian Countries

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