Nexus Between Macro Economic Factors and S&P Sensex Movements | Zendy

Kafila | Zendy; Romala Vijaya Srinivas | Zendy; M Rajya Laxmi | Zendy

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Nexus Between Macro Economic Factors and S&P Sensex Movements

Author(s) -

Kafila,

Romala Vijaya Srinivas,

M Rajya Laxmi

Publication year - 2019

Publication title -

international journal of innovative technology and exploring engineering

Language(s) - English

Resource type - Journals

ISSN - 2278-3075

DOI - 10.35940/ijitee.i8128.078919

Subject(s) - nexus (standard) , economics , stock market , exchange rate , macro , augmented dickey–fuller test , monetary economics , granger causality , inflation (cosmology) , liberalization , macroeconomics , econometrics , market economy , context (archaeology) , engineering , geography , programming language , physics , theoretical physics , computer science , embedded system , archaeology

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.

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