INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Affiliation amongst Macroeconomic Indicators and National Stock Exchange - India
Authors Name:
P.Revathi
, Dr.S.Allimuthu
Unique Id:
IJSDR2306034
Published In:
Volume 8 Issue 6, June-2023
Abstract:
This study is focused on understanding the impact of the growth of macroeconomic indicator on the Indian stock market benchmark index NIFTY 50. The aim of this paper is to analyze the growth of GDP that affects NIFTY in capital market development. The study uses secondary data collected from official websites of Indian government and NSE. Statistical tools like break point analysis, multi break point analysis, unit root test and regression are been used to analyze the data for its stationarity and to find out the relation. The empirical evidence suggests that there is a positive relation between GDP and the Nifty index. A growing economy typically indicates increased business activity, higher corporate earnings, and improved investor sentiment, which tend to drive stock prices higher. As GDP expands, companies generally experience higher revenues and profitability, leading to an increased demand for their stocks. it is important to note that the relationship between GDP and the Nifty index is not always linear and can be influenced by various other factors.
Keywords:
Macroeconomic indicators, GDP, NSE, Nifty 50
Cite Article:
"Affiliation amongst Macroeconomic Indicators and National Stock Exchange - India", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 6, page no.232 - 236, June-2023, Available :http://www.ijsdr.org/papers/IJSDR2306034.pdf
Downloads:
000337350
Publication Details:
Published Paper ID: IJSDR2306034
Registration ID:207042
Published In: Volume 8 Issue 6, June-2023
DOI (Digital Object Identifier):
Page No: 232 - 236
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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