Impact of demonetization and G.S.T. on stock price of automobile sector

The study is an attempt to identify the aftermath effect of Demonetization and GST on thestock price of Automobile sector in NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Ex-Post facto and Analytical research design is applied to the study. Historical data was obtained from official NSE and BSE websites. A dataset containing 80 historical data among which 40 were data before theevent and 40 post-event i.e. Demonetization and GST (Goods and Services Tax). From the analysis made, it was found that there is asignificant difference in stock price in NSE and BSE Automobile sector Pre and Post events i.e. demonetization and GST. The result indicated that the demonetization had anegative impact on NSE and BSE stock price, while GST had apositive impact on NSE and BSE stock price. Furthermore, it is estimated that 17.89% fall in stock price of NSE & 10.16% fall in stock price of BSEduring demonetization and 3.25% hike in thestock price of NSE and 3.26% hike in thestock price of BSE during GST.