Exploring What Drives Indian Stock Market During Covid-19: Fads or Fundamentals

This book analyzes the dynamics of the Indian stock market during the Covid-19 period, focusing on short-term herding and the lack of a relationship between stock returns and real economic activities. It is suited for students, academics, policy makers, and investors, providing insights into theoretical paradigms, advanced econometric techniques, macroeconomic insights, and behavioral economics.

Format: Paperback / softback
Length: 120 pages
Publication date: 02 January 2023
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the intricate dynamics of the Indian stock market, particularly during the challenging period following the emergence of COVID-19. With a focus on the post-COVID-19 era, it explores the complex interplay between various economic fundamentals and stock prices. Through meticulous analysis, the book uncovers short-term herding behavior in the stock market, highlighting irrational investment choices made by investors during the crisis. It also sheds light on the inefficiency of the market, deviating from fundamental principles and failing to respond appropriately to the pandemic's impact. Interestingly, the findings suggest a lack of correlation between stock returns and real economic activities in India.

The book's well-structured format makes it accessible to a wide range of readership groups, including students, academics, policy makers, investors, and individuals with an interest in business and finance. Its content offers valuable insights to researchers from economics and finance disciplines, with advanced econometric techniques providing valuable tools for their own research. The macroeconomic perspectives and insights from behavioral economics broaden the understanding of the corporate sector, aiding in practical decision-making. Moreover, the book provides valuable guidance to policy makers, such as the Securities and Exchange Board of India (SEBI), in developing effective regulatory policies to mitigate the potential for speculative bubbles, as witnessed during the pandemic period in the Indian stock markets.

In conclusion, this book serves as a valuable resource for anyone seeking to gain a deeper understanding of the Indian stock market's dynamics and its response to the COVID-19 pandemic. Its comprehensive analysis, insightful perspectives, and practical applications make it an essential read for scholars, professionals, and policymakers alike.

Weight: 221g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811980008
Edition number: 1st ed. 2023