Role of Macro Economic Variable as Indicators for the S&amp;P CNX Nifty

Singh, Raman

doi:10.2139/ssrn.2317445

Cited by 1 publication

(1 citation statement)

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“…The study finds that one of the factors affecting the behavior of significant macroeconomic variables and other macroeconomic factors is stock index volatility. (R. Singh, 2013) Saurabh Singh, Dr. L.K Tripathi& Arpan Parashar studied the main elements influencing India's National Stock Exchange (NSE). Additionally, this research tries to categorize NSE by examining the proportional importance of its contributing variables.…”

Section: Introductionmentioning

confidence: 99%

An Empirical Study on the Dynamics of NIFTY 50 Due to the Behavior of Macro Economic Variables

Khan¹,

Joy²

2023

JEFMS

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In this paper we studied the correlation between Nifty 50, the National Stock Exchange of India's (NSE) benchmark stock index and macroeconomic variables of Indian economy which may influence it. Our analysis uses monthly data from 1.1.2017 to 1.4.2023, published by various financial statistical platforms. We applied descriptive analysis to summarize or describe the attributes of our data set. To estimate the effect of our explanatory variables (inflation rate and interest rate) on the dependent variable (Nifty 50), we applied regression techniques. The results of this study discover that neither “Inflation rate” nor “Interest Rate” is found as a good regressor. Stock markets are essential in fostering capital formation, advancing economic progress and thus to the expansion and development of the economy, so is crucial to search for variables that influence the volatility of stock market and its development. Majority of past research go on to say that there is no universal agreement on the variables influencing the progression and fluctuations of stock market. Therefore, it is crucial to search for variables that have a big impact on its volatility.

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Section: Introductionmentioning

confidence: 99%