Over the past two decades, financial globalization has transformed stock markets into highly interconnected systems where events occurring in one part of the world quickly influence markets elsewhere. Emerging economies such as India have become increasingly integrated with global financial markets due to foreign institutional investments, trade openness, and digital connectivity. As a result, global crises such as pandemics, geopolitical conflicts, oil price shocks, and monetary tightening cycles significantly influence Indian stock market movements. This research paper investigates how major global events affect sectoral stock market performance in India. Instead of analysing the overall market, the study adopts a sector-wise perspective to understand how different industries react differently to global shocks. Using secondary data, sectoral indices, and event-based analysis, the research highlights sector-specific resilience and vulnerability patterns. The findings reveal that Indian markets are strongly integrated with global markets, but the magnitude and direction of impact vary significantly across sectors. The paper contributes to financial literature by providing sector-level insights for portfolio diversification, risk management, and investment decision-making in emerging markets
Bhardwaj et al. (2026) studied this question.