Light a lamp and look at the stock market

Light a lamp and look at the stock market

Blog Article

Abstract In this study, we investigate the impact of the light-a-lamp event that occurred in India during the COVID-19 lockdown.This event happened across the country, and millions of people participated in 3 Piece King Bed it.We link this event to the stock market through investor sentiment and misattribution bias.We find a 9% hike in the market return on the post-event day.

The effect is heterogeneous in terms of beta, downside risk, volatility, and financial distress.We also find an increase (decrease) in long-term bond yields (price), which together suggests that Telepod market participants demanded risky assets in the post-event day.