A Study of S&P Cnx Nifty Fifty and Its Performance Comparison With Selected Nse Sectoral Indices

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:16/ Issue: 4) DOI: 10.29070/JASRAE
Authors: Robin Thomas*, Shailesh Singh Thakur,
Subjects: Multidisciplinary Academic Research

Year: Mar, 2019
Volume: 16 / Issue: 4
Pages: 106 - 109 (4)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/p/78841
Published On: Mar, 2019

Article Details

A Study of S&P CNX Nifty Fifty and Its Performance Comparison with Selected NSE Sectoral Indices | Original Article

Robin Thomas*, Shailesh Singh Thakur, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

The benchmark index of national stock exchange SP CNX NIFTY Fifty Index is an indicator to track the stock movement of the NSE. The study put forth is an attempt to describe the correlation of returns of NIFTY with the 9 selected sectorial indices. To analyze the correlation, returns (daily) of the various indices were calculated from 0101201 to 31122018. The results have shown that in a given year IT index have outperformed the considered benchmark index NIFTY. Financial services index has highest correlation with NSE Nifty at 0.887 fallows by Bank Index correlation with nifty is 0.869 and IT has least correlation with NSE Nifty index at 0.359.