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Macroeconomic Variables and Indian Stock Market:A Relationship Analysis

H. S. Saluja1

Section:Research Paper, Product Type: Journal Paper
Volume-06 , Issue-09 , Page no. 98-101, Nov-2018

CrossRef-DOI:   https://doi.org/10.26438/ijcse/v6si9.98101

Online published on Nov 20, 2018

Copyright © H. S. Saluja . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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IEEE Style Citation: H. S. Saluja, “Macroeconomic Variables and Indian Stock Market:A Relationship Analysis,” International Journal of Computer Sciences and Engineering, Vol.06, Issue.09, pp.98-101, 2018.

MLA Style Citation: H. S. Saluja "Macroeconomic Variables and Indian Stock Market:A Relationship Analysis." International Journal of Computer Sciences and Engineering 06.09 (2018): 98-101.

APA Style Citation: H. S. Saluja, (2018). Macroeconomic Variables and Indian Stock Market:A Relationship Analysis. International Journal of Computer Sciences and Engineering, 06(09), 98-101.

BibTex Style Citation:
@article{Saluja_2018,
author = {H. S. Saluja},
title = {Macroeconomic Variables and Indian Stock Market:A Relationship Analysis},
journal = {International Journal of Computer Sciences and Engineering},
issue_date = {11 2018},
volume = {06},
Issue = {09},
month = {11},
year = {2018},
issn = {2347-2693},
pages = {98-101},
url = {https://www.ijcseonline.org/full_spl_paper_view.php?paper_id=507},
doi = {https://doi.org/10.26438/ijcse/v6i9.98101}
publisher = {IJCSE, Indore, INDIA},
}

RIS Style Citation:
TY - JOUR
DO = {https://doi.org/10.26438/ijcse/v6i9.98101}
UR - https://www.ijcseonline.org/full_spl_paper_view.php?paper_id=507
TI - Macroeconomic Variables and Indian Stock Market:A Relationship Analysis
T2 - International Journal of Computer Sciences and Engineering
AU - H. S. Saluja
PY - 2018
DA - 2018/11/20
PB - IJCSE, Indore, INDIA
SP - 98-101
IS - 09
VL - 06
SN - 2347-2693
ER -

           

Abstract

The Indian Stock Market showed a tremendous growth during last two decades. The SENSEX Index of Bombay Stock Exchange had reached to 38000 level points in August, 2018 which is its life time high level. It raises empirical questions regarding the fundamental connection between stock price and key macroeconomic indicators. The present study is an attempt to find the impact of macroeconomic variables on Indian Stock Market, with respect to SENSEX Index of Bombay Stock Exchange. The macroeconomic variables considered for the purpose of the study include Foreign Institutional Investors, Domestic Institutional Investors, Exchange Rates, Interest Rates and Inflation etc. The monthly closing values were taken for analysis for the period from January 2012 to August 2018. The Regression Analysis, Co-relation Analysis and Granger Causality Test will be applied to examine the relations between the selected variables.

Key-Words / Index Term

Macroeconomic Variables; Indian Stock Market; SENSEX Index; Bombay Stock Exchange

References

[1]. Srivastava, A., “Relevance of Macro Economic factors for the Indian Stock Market, Decision, Vol. 37. pp. 69-89, 2010.
[2]. Kalra R., “Impact of Macroeconomic Variables on Indian Stock Market”, IUP Journal of Financial Risk Management, Vol. IX, pp. 43-54, 2012.
[3]. Giri A. K. and Joshi, Pooja, “The Impact of Macroeconomic Indicators on Indian Stock Prices: An Empirical Analysis, Vol. 12(1), pp. 61-78, 2017.
[4]. Garg, Keshav and Kalra Rosy, “Impact of Macroeconomic Factors on Indian Stock Market”, Parikalpana - KIIT Journal of Management, Vol. 14(I), pp. 134-145, 2018.