The epidemic of COVID-19 has impacted the entire global stock market in an unforeseen manner. Due to the uncertainties that occurred in the global economy; the financial market of India also responded to the pandemic and experienced significant volatility. This study empirically explores the effect of COVID-19 on the Indian stock market, considering the COVID-19 scenario. This research explores, employing the regular closing prices of indices like Nifty, the volatility of these indices over the period from 3 September 2019 to 10 July 2020. In addition, the report sought to make a quantitative review of the stock market return in the pre-COVID-19 and COVID-19 situations. The volatility of the indexes is captured using the GARCH model. The results indicate that the Indian stock market has encountered uncertainty during the pandemic era. When c the findings are compared with those of the pre-COVID-19 phase, the author found that before the COVID-19 phase, the returns were higher than during COVID-19.During the first lockout period, from 24 March to 6 April, the returns of both stock markets touched the bottom line.

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