Impact of Russia Ukraine war on stock market in India (A study on NSE nifty 50)

Abstract

The war between Ukraine and Russia has had a significant negative impact on the world economy because it has caused financial repercussions not just in Russia and Ukraine but also in other countries. Due to their status as important international players, both nations contribute significantly to world trade mainly in the export of commodities like wheat, crude oil, industrial raw materials, and so forth. After Russia attacked Ukraine on February 24, 2022, stock markets all across the world fell precipitously, including those in India. The objective of this paper is to find out the impact of Ukraine Russia on nifty 50 index of Indian stock market. Daily closing price of nifty 50 indices of 120 days before and after the war has been considered for the study. The data has been collected from NSE of India website. This study found out that there is significant relationship between stock market index and conflict between Ukraine and Russia.