Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study
Undoubtedly, it can be said that banking sector is one of the rapidly rising sectors among all the sectors in an economy with respect to today's era. Therefore, in this study, the relationship between some Banks and Stock Market is analyzed with respect to India. The study attempts to answer on...
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| Format: | Article |
| Language: | English |
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Ramanujan College, University of Delhi, Delhi, India
2018-12-01
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| Series: | Ramanujan International Journal of Business and Research |
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| Online Access: | https://rijbr.in/1/article/view/116/116 |
| _version_ | 1797659962404503552 |
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| author | Ms. Aanchal Singh |
| author_facet | Ms. Aanchal Singh |
| author_sort | Ms. Aanchal Singh |
| collection | DOAJ |
| description | Undoubtedly, it can be said that banking sector is one of the rapidly rising sectors among all the sectors in an economy with respect to today's era. Therefore, in this study, the relationship between some Banks and Stock Market is analyzed with respect to India. The study attempts to answer one critical question i.e. whether the development in banks and stock markets are positively related in India or not? and what is the cause and effect relationship between both? For the purpose of analysis, stock prices are taken from the official website of National Stock Exchange (NSE). Nifty 50 is taken as the measure of stock market indices and Nifty Bank index is taken as a measure of the performance of banking sector. The period of analysis is from April 1st 2007 to April 31st 2018. Unit-root test and granger causality test are used in order to arrive at the conclusions. The empirical results show that the two variables are non-stationary in nature and there exists a negative relationship between banks and stock markets in India. The results further suggest that banking sector acts as one of the cause for the developments in Stock Market in India. |
| first_indexed | 2024-03-11T18:23:52Z |
| format | Article |
| id | doaj.art-34fb9c28ba484acc99130aa8ebfd98bd |
| institution | Directory Open Access Journal |
| issn | 2455-5959 2583-0171 |
| language | English |
| last_indexed | 2024-03-11T18:23:52Z |
| publishDate | 2018-12-01 |
| publisher | Ramanujan College, University of Delhi, Delhi, India |
| record_format | Article |
| series | Ramanujan International Journal of Business and Research |
| spelling | doaj.art-34fb9c28ba484acc99130aa8ebfd98bd2023-10-14T14:08:22ZengRamanujan College, University of Delhi, Delhi, IndiaRamanujan International Journal of Business and Research2455-59592583-01712018-12-01314152https://doi.org/10.51245/rijbr.v3i1.2018.116Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical StudyMs. Aanchal Singh0Department of Commerce, Ramanujan College, University of Delhi and University School of Management, Kurukshetra University, KurukshetraUndoubtedly, it can be said that banking sector is one of the rapidly rising sectors among all the sectors in an economy with respect to today's era. Therefore, in this study, the relationship between some Banks and Stock Market is analyzed with respect to India. The study attempts to answer one critical question i.e. whether the development in banks and stock markets are positively related in India or not? and what is the cause and effect relationship between both? For the purpose of analysis, stock prices are taken from the official website of National Stock Exchange (NSE). Nifty 50 is taken as the measure of stock market indices and Nifty Bank index is taken as a measure of the performance of banking sector. The period of analysis is from April 1st 2007 to April 31st 2018. Unit-root test and granger causality test are used in order to arrive at the conclusions. The empirical results show that the two variables are non-stationary in nature and there exists a negative relationship between banks and stock markets in India. The results further suggest that banking sector acts as one of the cause for the developments in Stock Market in India.https://rijbr.in/1/article/view/116/116stock indexgranger-causality testunit-root testco- integration testnifty 50nifty bank |
| spellingShingle | Ms. Aanchal Singh Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study Ramanujan International Journal of Business and Research stock index granger-causality test unit-root test co- integration test nifty 50 nifty bank |
| title | Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study |
| title_full | Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study |
| title_fullStr | Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study |
| title_full_unstemmed | Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study |
| title_short | Relationship Between Indian Banking Sector and Indian Stock Market- An Empirical Study |
| title_sort | relationship between indian banking sector and indian stock market an empirical study |
| topic | stock index granger-causality test unit-root test co- integration test nifty 50 nifty bank |
| url | https://rijbr.in/1/article/view/116/116 |
| work_keys_str_mv | AT msaanchalsingh relationshipbetweenindianbankingsectorandindianstockmarketanempiricalstudy |