Long-term effect of FIIs on Indian stock market

Mohammad, Abdul Saboor; Afzal, Mohammad; Khan, Nasreen; Taqi, Mohd; Jafri, Arshad Hasan

doi:10.1080/09720510.2022.2040860

Cited by 1 publication

(1 citation statement)

References 9 publications

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“…The study evidenced that this model has the potential to outperform other traditional models in forecasting stock prices in the Indian market. The dynamic nexus between existed foreign institutional investors (FIIs) and the Indian stock market was the subject of Sharma and Mehta's (2016) research. They discover that FIIs had a large influence on stock market returns and that the market reacted swiftly to their investing choices.…”

Section: Stock Performance and Macroeconomic Factormentioning

confidence: 99%

Causality and volatility spillovers of banks' stock price returns on BSE Bankex returns

Subburayan

2023

J Corp Accounting Finance

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This paper investigates the causal relationships and volatility spillovers between the BSE Bankex index and the stock prices of five major Indian banks (Axis Bank, HDFC Bank, ICICI Bank, Kotak Bank, and SBI). Daily data from January 2, 2018 to March 8, 2023 are used, and statistical techniques such as descriptive statistics, Unit Root test, Cointegration test, Ganger Causality test, OLS regression, and GARCH model are employed. The study finds bidirectional causal relationships between the bank stocks and BSE Bankex returns, suggesting that the movement of the bank stocks significantly affects the overall market returns and vice versa. The study also finds significant volatility spillovers between the bank stocks and BSE Bankex returns, implying that the shocks in the bank stocks affect the market returns and vice versa. The study's outcomes have practical implications for investors and policymakers. Investors can use the results to make informed investment decisions in the Indian stock market, while policymakers can use the findings to monitor the financial stability of the banking sector and design appropriate policy interventions to address any potential financial crises. Overall, the study's findings suggest that policymakers should proactively monitor and manage market risks to safeguard overall financial stability.

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Section: Stock Performance and Macroeconomic Factormentioning

confidence: 99%

Causality and volatility spillovers of banks' stock price returns on BSE Bankex returns

Subburayan

2023

J Corp Accounting Finance

View full text Add to dashboard Cite

show abstract

Long-term effect of FIIs on Indian stock market

Cited by 1 publication

References 9 publications

Causality and volatility spillovers of banks' stock price returns on BSE Bankex returns

Causality and volatility spillovers of banks' stock price returns on BSE Bankex returns

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