Are you interested in knowing about the impact of coronavirus on the stock market? Well, within a matter of few weeks in March 2020, the coronavirus epidemic a.k.a COVID-19 had already affected almost a third of the market cap globally.
This outspread of this virus had also shaken the confidence of investors by triggering panic selling across the globe.
The Indian market had also been very deeply impacted by the spread of this virus. Even after the Indian market witnessed a very strong bounce-back yet the SENSEX closed 20% below the peak achieved two months ago i.e., January 2020.
Earlier only Equity and debt markets were to be adversely affected by the Covid-19. But due to the raging crude oil war between Saudi Arabia and Russia, corona’s impacted the Currency and Commodities too.
It was advised by experts to wait only before taking any investment decisions as after such a crash from such level, it takes time to get back to the old level.
Which Industries were Severely Impacted Due to Covid 19?
The impact of Corona on global economic growth was so deep that it still has not recovered completely. Covid 19 impacted the Indian economy as well. Countries imposed several Lock-Downs to counter the disease.
Travelling, Automotive, Manufacturing, Banking & Finance industries were the few out of many industires which were severely affected due to the hit of the disease.