A comparative analysis on impact of coronavirus disease - 2019 on performance of major stock market indices in BRICS and G7 countries

Across the globe, Stock markets possess exhibited varying levels of volatility following a recent COVID-19 outbreak (Moshfiqque Uddin@al2021). Monetary reports from numerous sources indicated that this COVID-19 outbreak will be severely distracting the entire world economy and monetary m arkets. Many marketplaces around the globe have seen weighty declines since the particular pandemic’s outbreak (Raef Bahrini, Assaf Filfilan, 2020). These papers examined the impact of this outbreak on stock marketplace volatility in Stones and G7 nations. The time regarded as for the research from January 2019 to 2021 03 by using structural break analysis. This is found that will both BRICS plus Group seven nations have a existence of structural breaks or cracks in March 2020 and all nations both in organizations have witnessed the drastic fall in conditions of the index worth. It was discovered that countries possess reached high ideals just before the introduction of covid-19 upon market performance within all selected financial systems. But, the typical Market index straight down by 35 for each cent both within group of nations using the hit associated with pandemic. The BRICS and Group 7 countries market indices as well because the lives of individuals are greatly impacted during this period. Moreover, the particular average market come back of all nations had stirred the particular score of nineteen per cent within the year 2020.