Research Article | Open Access
COVID 19 ANDTHE HEALTHCARE SECTOR IN DIGITAL INDIA: A CASE STUDY OF THE TOP SIX NIFTY PHARMA COMPANIES
Ranjith Karat , Suraj ES , Jacob Joju, Manoj PK and Nithin J
Pages: 7595-7604
Abstract
The stock market reflects a country's economic progress as it provides the required financial inputs for the country's development. It helps corporations to raise capital and investors to invest money. Corporates can use it for increasing EPS of shares and investors for making informed investments. Earning profit from stock market investments arises from market fluctuations. Stock market's nature being unpredictable,every incident occurring in the market or economy causes significant changes in it. The global pandemic COVID 19 has severely affected the stock markets world wide, with major indices showing negative growth, and India is no exception. The ICT thrust of the Govt. of India in this Digital India era gives another dimension to the pandemic impact.
This paper on the pandemic impact on stock market volatility in India (i) studies the impact of COVID 19 on Indian healthcare industry stocks, and (ii) applies Technical Analysis on the marke
Keywords
ock Market, Volatility, Pharma Sector, COVID 19, ICT, Digital India.