Website: ijetms.in Issue:4, Volume No.4, July-2020 DOI: 10.46647/ijetms.2020.v04i04.008 46 IMPACT OF COVID19 IN INDIAN STOCK MARKET WITH FOCUS ON BANKING SECTOR Ms. Avantika Jaiswal 1 , Dr. Ruchi Arora 2 1 Student – MBA Fin, Amity University, Uttar Pradesh 2 Assistant Professor, Amity University, Uttar Pradesh (E-mail: avantikajaiswal4@gmail.com) (E-mail: rarora1@amity.edu) Abstract-: Covid-19 related lockdowns are forced over and whole country is affected and all the sector. Financial markets have been confronting high unpredictability because of this virus. Monetary foundations have begun experiencing liquidity imperatives. The performance in India of the banking sector is most likely linked to the economy rather than any other sector. The banking sector which is already reeling under a multi decade low credit growth will be hit by fresh asset quality woes as loan collections will be hit as both large and small companies come to terms. The development of the Indian economy is eased to have slowed down significantly. The covid19 have affected the banking sectors' performance in India resulting that the market is going down. Here researcher's objective is to study the impact of covid19 on Indian stock market on banking sector. Keywords— Covid19, Indian Stock Market, Banking Sector, Nifty Bank . I. INTRODUCTION Covid19 is an infectious disease caused by a newly discovered virus named corona virus. This virus is mainly transmitted through droplets generated when an infected person coughs sneezes or exhales. Corona virus is affecting almost every economy in the world very badly. It came as an unprecedented shock that the world led to global health crisis which is having a deep impact on how we perceived our lives till now. In just a period of few months, world has changed. Many of people have already died and hundreds of lakhs surfing from this virus because of this pandemic created by Coronavirus which was previously unknown until it appeared in the city of Wuhan (China) in December 2019 While reading many research paper and article it has communicated that the coronavirus outbreak hits the market and the economy of the country. Also it is noted that the Indian Stock Market has been affected by this coronavirus and there is a fall in the prices of share of companies of every sector. In India banking sector is the backbone of the Economy. So, this study will go into deep analysis of the impact of coronavirus in Indian Stock Market especially on the banking sector that how this virus will affect the Indian Stock Market. We will also try to determine that is the Stock Market enough strong, that it can face the shortcomings in the market due to this pandemic. The Indian stock market has suffered its worst time coronavirus rout in history and the rupee plunged more than 1%, with the investors which stuck in the selling frenzy as the covid19 disrupted businesses and forced the several districts into the lockdown. The markets have become completely chaotic and there is no respite to the sell off mode erasing investor wealth like never before. While reading and observing many recent literature review on coronavirus, it has noticed that any is no research had been done on the impact of covid19 on Indian Stock Market with focus on banking sector. When coronavirus came in India then the market goes down which have a huge loss. Bank Nifty speaks to the 12 generally fluid and huge promoted stocks from the financial division which exchange on the National Stock Exchange (NSE). It provides investors and markeqt intermediaries a benchmark that captures the capital market performance of Indian banking sector.12 banks are as follow which come under nifty bank which are as follow: HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, State Bank of India (SBI), IndusInd Bank, Bandhan Bank, Federal Bank, Bank of Baroda, RBL Bank, IDFC First Bank Ltd., Punjab National Bank (PNB) HDFC Bank has the most elevated weightage having 29.74% weightage in Bank Nifty Stock Companies record List, while ICICI Bank stays at second having 19.32% weightage and Kotak Mahindra Bank on 3 rd it has 16% in Bank Nifty Companies Index List in it. The least weightage in Bank Nifty Index with 0.62% is PNB. There was avoidance of Yes Bank in the Bank Nifty Index on March