Analysis of socioeconomic resources, infected and death cases of BRICS Nations and its effect on the Stock market Indices: Post Covid-19
The novel coronavirus is respiratory infections affected as cold and fever. The World Health Organization denoted as “coronavirus disease 2019” (COVID-19). China was the first country invented in December 2019. This disease affects the health of humans but also influencing financial markets harshly affected across the globe. In April 2020, the International Monetary Fund (IMF) projected the severity of Covid-19 crossways the world affected by 3% this was higher than the 2008-09 financial crises. The Middle East and Central Asia region expressed that the growth of an economy decreased from 1.2% to 2.8% during 2019-20. In the same way, the oil import and export countries were affected by 4.2% and 0.7% correspondingly (IMF, 2020). The stock market is one of the barometers exposed to the economic status of the country. Due to Covid-19, the economic and social impact on BRICS countries were rigorously affected the manufacturing, services, education, health, hotels, real estate, hospitality tours and travel, media, IT, retails, and banking sector (M. Chaudhary, P.R. Sodani, S. Das, 2020). Last year, the worldwide stock markets crashed due to the Covid-19 pandemic situation. This study mainly focuses on investigating the impact of socioeconomic resources during COVID-19 on BRICS Nations; to analyze the performance of stock indices and its relation with the Covid-19 infected and death cases of BRICS nations. This study is empirical from official stock exchanges of respective countries in the pandemic situation on the stock market from January 2020-August 2021. The Covid-19 number of cases and their deaths are from the official website of the World Health Organization, Dashboard. Finally, to find out the relationship between the number of infected and deaths influencing the stock markets in BRICS Nations. This study finds the present situation based on that will further decisions for diversification of funds for getting benefits in the future especially post BRICS formation.