Nexus Between Macro Economic Factors And S&P Sensex Movements
Kafila1, R. Vijaya Srinivas2, M. Rajyalaxmi3
1Kafila, Asst. Professor, Department of Business Management SREC, (Warangal), Telangana, India.
2R. Vijaya Srinivas, Department of Business Management SREC, (Warangal), Telangana, India.
3Rajyalaxmi, Department of Business Management SREC, (Warangal), Telangana, India.
Manuscript received on 30 June 2019 | Revised Manuscript received on 05 July 2019 | Manuscript published on 30 July 2019 | PP: 1258 -1259 | Volume-8 Issue-9, July 2019 | Retrieval Number: I8128078919/19©BEIESP | DOI: 10.35940/ijitee.I8128.078919
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Abstract: The Indian stock market is vibrant and dynamic in nature; it has been going through many economic reforms structural changes after liberalization Indian economy since 1991 to till date. The Indian economy follows free market economic system, which enhance the scope of investing into stock market. Thereby stock market (Sensex) performance influenced by macroeconomic fundamentals, the present paper has investigate the nexus between Sensex and macro economic factors GDP growth rate, Exchange rate, inflation rate, Gold Prices, IIP and FII. The stationarity between macro economic factors and Sensex movements measured through employing ADF stationarity test, and Engle-Granger Co-integration to test the long run relation.
Key words: Sensex, macroeconomic factors, long run relation, co-integration, Correlation.
Scope of the Article: Software Economics