COVID-19, a Past Perspective for the Future: With Reference to BSE SENSEX
Rohit Mishra *
Jagran Lakecity University, Bhopal, India.
Sarvesh Mohania
Jagran Lakecity University, Bhopal, India.
Vishesh Dahiya
Jagran Lakecity University, Bhopal, India.
*Author to whom correspondence should be addressed.
Abstract
This Research paper studies the impact of Covid-19 on Bombay Stock Exchange (BSE SENSEX) in the year 2020 (January to March 2020) and how the V shape recovery is seen in the economy. Covid-19 affected not only Indian Capital Markets but had an impact all over the world. This has led to one of the greatest downfalls in the world stock market. S&P BSE SENSEX was trading more than 42000 index in January 2020 but at the end of January it closed at its lowest level in 2020 at 40,723 points. Expectations from the Union Budget-2020-21 along with the December quarter earning had kept investors jittery along with the outbreak of Covid-19 in India which ended in BSE hitting its lowest of 2020 at 25,981 points on 23 March 2020. This research paper discusses the various economic decisions taken by the Government of India and Reserve Bank of India (RBI) to overcome this crisis in Indian Capital Market.
Keywords: COVID-19, BSE, SENSEX, RBI, outbreak, pandemic, Indian capital market