An Empirical Study on Analysing the Relationship Between Macro Economic Indicators (Fii, Iip, Exchange Rate) and Indian Stock Market (Nifty 50)

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:16/ Issue: 3) DOI: 10.29070/JASRAE
Authors: (Dr.) Vani Vasakarla*, Tamil Selvan Ramadoss,
Subjects: Multidisciplinary Academic Research

Year: Mar, 2019
Volume: 16 / Issue: 3
Pages: 28 - 34 (7)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/p/58634
Published On: Mar, 2019

Article Details

An Empirical Study on Analysing the Relationship between Macro Economic Indicators (FII, IIP, Exchange Rate) and Indian Stock Market (NIFTY 50) | Original Article

(Dr.) Vani Vasakarla*, Tamil Selvan Ramadoss, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

The present global business era each country is trying to spectator binary number economic growth which is forcing them to adopt swift innovation and rivalry across the globe. In this context Foreign direct investment (FDI) and Foreign Institutional Investment (FII) acting as indicator for the economic growth. FDI and FII has become an important measure for the economic development in India as well as other countries. The purpose of this research is to find out the relationship between stock market trend and the macroeconomic variables i.e. FDI and FII using Multi-Regression techniques, where Nifty was considered as the diplomat for the Indian Stock market index. Ten years of data was taken in the study from Jan 2009 – Jan 2019. The findings specify FDI and FII are moving in a trend with coordination with Nifty and the macroeconomic variables determine the stock market trend.