Paper Contents
Abstract
The Covid-19 Pandemic has made the entire world to suffer a lot. In a very short span of time, the pandemic has affected almost all the nations. It had direct impact on the manufacturing sector of economies and indirect impact on the spending and investment behaviour of the public in general. The stock market across the world fluctuated abnormally during the first wave of Covid Pandemic. This study intends to investigate the existence of any cointegration and causality between Covid-19 Pandemic and stock market behaviour in India. Johansen Cointegration test was applied to check for cointegration. Engle Granger Causality test was adopted to check for causality. The analysis revealed that there is long-run negative relationship between Covid-19 pandemic and Indian stock market behaviour, but there exists no causality between them. The results may help the policy makers to take appropriate steps to regulate the stock market and ensure growth of investments.
Copyright
Copyright © 2025 DR. ABHIJIT CHAKRABORTY. This is an open access article distributed under the Creative Commons Attribution License.
