The COVID-19 pandemic and the Russia–Ukraine war have had significant and prolonged effects on global markets,especially the Indian capital market. COVID-19, which initially emerged in Wuhan, China, in December 2019, was declared aglobal pandemic by the WHO on March 11, 2020, triggering widespread fear and uncertainty. Simultaneously, the Russianinvasion of Ukraine in February 2022 added further distress to financial markets. These dual crises disrupted economicactivities and caused major fluctuations in investor sentiment. This paper seeks to analyze the impact of both events on investorbehavior in the Indian capital market by examining BSE Sensex trends, social media influences, and panic trading patterns.Keywords: WHO, Pandemic, Endemic, Russia, Ukraine, Panic Investors, Perception