Impact of Macro Economic Variables of India and USA on Indian Stock Market
The key objective of the present study is to investigate the impact of changes in selected macroeconomic variables on Indian Stock Market (NIFTY 50 INDEX). To estimate the relationship, Multivariate Regression Model computed on Standard Ordinary Linear Square (OLS) method have been used. The time pe...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-12-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32006/353502?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797909471403442176 |
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| author | Priyanka Aggarwal Najia Saqib |
| author_facet | Priyanka Aggarwal Najia Saqib |
| author_sort | Priyanka Aggarwal |
| collection | DOAJ |
| description | The key objective of the present study is to investigate the impact of changes in selected macroeconomic variables on Indian Stock Market (NIFTY 50 INDEX). To estimate the relationship, Multivariate Regression Model computed on Standard Ordinary Linear Square (OLS) method have been used. The time period examined is 2001-2016 and all the tests are conducted based on monthly data. Based on estimated regression coefficients and t-statistics, it is found that Nifty 50 index is significantly affected by US GDP, S&P index, gold prices, Indian WPI, its fiscal deficit, IPI and exchange rate. |
| first_indexed | 2024-04-10T11:08:46Z |
| format | Article |
| id | doaj.art-4872672d4a0e4264969dcc90d3a386e7 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:08:46Z |
| publishDate | 2017-12-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-4872672d4a0e4264969dcc90d3a386e72023-02-15T16:19:16ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-12-017410141032Impact of Macro Economic Variables of India and USA on Indian Stock MarketPriyanka AggarwalNajia SaqibThe key objective of the present study is to investigate the impact of changes in selected macroeconomic variables on Indian Stock Market (NIFTY 50 INDEX). To estimate the relationship, Multivariate Regression Model computed on Standard Ordinary Linear Square (OLS) method have been used. The time period examined is 2001-2016 and all the tests are conducted based on monthly data. Based on estimated regression coefficients and t-statistics, it is found that Nifty 50 index is significantly affected by US GDP, S&P index, gold prices, Indian WPI, its fiscal deficit, IPI and exchange rate.https://dergipark.org.tr/tr/pub/ijefi/issue/32006/353502?publisher=http-www-cag-edu-tr-ilhan-ozturkmacroeconomics variables stock prices gross domestic product gold prices whole sale price index |
| spellingShingle | Priyanka Aggarwal Najia Saqib Impact of Macro Economic Variables of India and USA on Indian Stock Market International Journal of Economics and Financial Issues macroeconomics variables stock prices gross domestic product gold prices whole sale price index |
| title | Impact of Macro Economic Variables of India and USA on Indian Stock Market |
| title_full | Impact of Macro Economic Variables of India and USA on Indian Stock Market |
| title_fullStr | Impact of Macro Economic Variables of India and USA on Indian Stock Market |
| title_full_unstemmed | Impact of Macro Economic Variables of India and USA on Indian Stock Market |
| title_short | Impact of Macro Economic Variables of India and USA on Indian Stock Market |
| title_sort | impact of macro economic variables of india and usa on indian stock market |
| topic | macroeconomics variables stock prices gross domestic product gold prices whole sale price index |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/32006/353502?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| work_keys_str_mv | AT priyankaaggarwal impactofmacroeconomicvariablesofindiaandusaonindianstockmarket AT najiasaqib impactofmacroeconomicvariablesofindiaandusaonindianstockmarket |