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 p...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/4794 |
| _version_ | 1797918244177182720 |
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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.
Keywords: Macroeconomics variables, stock prices, GDP, gold prices, WPI
JEL Classifications: A1, E44, E52, I16, J11
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| first_indexed | 2024-04-10T13:26:23Z |
| format | Article |
| id | doaj.art-efa4fa01e79847e69bff039ed78f16e0 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:26:23Z |
| publishDate | 2017-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-efa4fa01e79847e69bff039ed78f16e02023-02-15T16:11:51ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-07-0174Impact of Macro Economic Variables of India and USA on Indian Stock MarketPriyanka Aggarwal0Najia SaqibPrince Sultan University 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. Keywords: Macroeconomics variables, stock prices, GDP, gold prices, WPI JEL Classifications: A1, E44, E52, I16, J11 https://econjournals.com/index.php/ijefi/article/view/4794 |
| 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 |
| 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 |
| url | https://econjournals.com/index.php/ijefi/article/view/4794 |
| work_keys_str_mv | AT priyankaaggarwal impactofmacroeconomicvariablesofindiaandusaonindianstockmarket AT najiasaqib impactofmacroeconomicvariablesofindiaandusaonindianstockmarket |