The Coronavirus pandemic has been observed to have had a dramatic impact on the Stock market and financial sectors all over the world. The pandemic has severely affected economies and the stock market in many emerging countries and continues to do so. There has been a sudden unprecedented dip which has adversely affected investors in only a short time. This paper aims to analyze and understand the effects of Covid 19 on the stock market and the global economy. The spillover of the pandemic in various sectors like banking, entertainment, health, education is deeply studied and reviewed. The research method used in the paper is a systematic literature review of the research with the cluster of keywords identified as the central objective. The paper aims to understand the different scenarios of the stock market and how it crashed during the pandemic.