Pharma and IT outperform in global pandemics. Aviation, Hotels, and Discretionary consumer see maximum drawdown. Markets recover sharply once policy stimulus arrives — Nifty doubled in 18 months.
Nifty 1 Day
-13.2%
Nifty 3 Days
-13.2%
Nifty 1 Week
-23.0%
Nifty 1 Month
-38.5%
NSE hit two circuit breakers on March 23, 2020 as COVID-19 lockdowns spread globally. Nifty fell 38% from Jan peak to March trough — India's worst single-month crash since 2008.
COVID treatment demand surge
API and vaccine supply chain
API manufacturing critical
Airlines grounded entirely
Restaurant closures
Auto plants shut, demand collapsed
NSE hit two circuit breakers on March 23, 2020 as COVID-19 lockdowns spread globally. Nifty fell 38% from Jan peak to March trough — India's worst single-month crash since 2008.
Historically, Sun Pharma, Dr Reddy's, Divi's Labs were among the strongest performers in the aftermath, based on real 1-week/1-month return data.
The Nifty 50 moved -23.0% in the following week and -38.5% over the following month.
Pharma and IT outperform in global pandemics. Aviation, Hotels, and Discretionary consumer see maximum drawdown. Markets recover sharply once policy stimulus arrives — Nifty doubled in 18 months.
Regime
bear
Repo Rate
5.15%
India VIX
83.6
Data Confidence
95%