Recent Advances in Commerce, Management, and Tourism

Abstract

The COVID-19 pandemic had a notable effect on the Indian stock market, leading to a significant drop in stock prices, an economic downturn, and the withdrawal of foreign investors. Nevertheless, there were signs of recovery in the later part of 2020, driven by increased investor confidence and the announcement of successful vaccine development. Furthermore, the pandemic prompted a shift towards digital platforms in the stock market, with online trading becoming increasingly popular among retail investors. Although the pandemic still has an impact on the economy and the stock market, the market's resilience implies a potential for recovery in the future. The present study aims to assess the performance of Indian stock market during the period of Covid and how it has recovered post-covid. Nifty 50 and Bank Nifty are compared to draw the inferences and arrive on assessing the stock market performance through statistical tools. The study has revealed that even after having a huge negative impact on the market, the Nifty 50 and Bank Nifty have recovered creating new highs and maintained the momentum with a positive note.