Impact of macro-economic variables on share relationship among bse stock prices and macroeconomic variables the researchers found that there was a high correlation of exchange rate (889%) and gold prices (902%) impact of macro-economic variables on share price behavior --. Macro economic variables have insignificant though positive role in explain the shakiness of stock markets since this study is related to impact of various macroeconomic variables on the stock market in india variables identified to include as macroeconomic variables in the analysis are expected to be correlated among. Between macroeconomic variables and stock market pricing they iind that three out oi iour macroeconomic variables are cointegrated with stock market prices. 140 / the relationship between stock market and macroeconomic variables: between asset prices and real economic activities in terms of production rates, productivity, growth rate of gross national product, unemployment, yield spread.
Variables (int, inf, gross domestic savings (gds), and er)and stock market indices in india the results indicated co-integration relationships between macroeconomic variables and indian stock market indices in both short-run and long-run. Macro-economic variables and stock prices in india: influence of economic fundamentals on stock market returns mediafirecom, rapidgatornet, 4sharedcom, uploadingcom, uploadednet download note: if you're looking for a free download links of macro-economic variables and stock prices in india: influence of economic fundamentals on stock. The purpose of this paper is to study the direction of causality between the stock market and macroeconomic variables india is taken as a case study.
This article examines the causal relationships between the stock market performance and select macroeconomic variables in india, using monthly data from july 1997 to june 2011. Market indicator and macroeconomic variables of india by using correlation and ganger causality regression techniques annual data was used from 1981 to 2006 for all the above. Stock market india effect of macroeconomic variables on stock market returns for four emerging economies: brazil, russia, india, and china retrieved in international finance and economic journal desislava dimitova (2005) the relationship between exchange rates and stock prices: studied in a multivariate model retrieved in issue in. Relationship between stock markets movement and macroeconomic variables in the past decades, many industry researchers, financial analysts and practitioners have attempted to predict the relationship between stock markets movement and macroeconomic variables.
Stock returns and macroeconomic variables to the emerging market of india using time-series analysis, this paper employs vector autoregression (var) to determine the impact of macroeconomic variables on the stock returns of bombay stock. This study examines the causal and long-term equilibrium relationships between macroeconomic variables and the indian stock market during the period january 2005 to december 2009 by using toda-yamamoto granger causality test, johansen’s cointegration tests, variance decomposition and impulse response function. The aim of the study is to examine the relationship between stock market returns and key macroeconomic variables in the uk the method of ordinary least square has been applied to find out the nexus between stock market returns and macroeconomic variables in the uk. Impact of macroeconomic variables ieinflation, exchange rate on nse nifty objective of the study the aim of the project is to find out the impact of inflation and exchange rate on stock market return in india for the period of 2003 to 2013 sampling size the study covers the period from 2003 to september 2013 in order to find out.
Macro economic variables, these studies also suggested that the stock market indices are very sensitive towards change in the macro economic variables like inflation rate, bank rate, fii’s, interest rate etc. Relationship between stock prices and macroeconomic variables in india, between stock market and macro economic variables the review ijcsms international journal of computer science & management studies, vol 11, issue 01, may 2011 issn (online): 2231 –5268. Issn: 2349-5677 volume 1, issue 6, november 2014 71 impact of macroeconomic variables on stock market performance in india: an empirical analysis drvenkatrajab assistant professor-economics sdm institute for management development, mysore, india. 3 share prices and macroeconomic variables in india: an approach to investigate the relationship between stock markets and economic growth by raman k agrawalla.
Economic variables that they should focus on while investing in stock market and will have an advantage to make their own suitable investment decisions the present research considers four macroeconomic variables: consumer price index (cpi) as. The study investigates the relationships between the indian stock market index (bse sensex) and five macroeconomic variables, namely, industrial production index, wholesale price index, money supply, treasury bills rates and exchange rates over the period 1994:04–2011:04 johansen’s co. Section discusses how developments on the macro-economic front in india impact its financial markets, depicted through changes in key macro-economic and financial variables during 2003–2013.
Correlation and causality between stock market and macro economic variables in india: an empirical study but whatever the outcome the authors have found a significant relation between the macro economic variables and stock market in the long run in a very different kind of paper by brenner, m, et al (2006) have examined the short-term. Impact of inflation and gdp on stock market returns in india d v lokeswar reddy variables accounted for 956% of the variation in stock prices while a reduction in interest macro economic factors like inflation, gdp would also affect the over-all returns in the stock market. The causal relationship between stock market indicators and macro economic variables of india by using both correlation and ganger causality regression techniques. The paper intends to inspect the relationship between selected macroeconomic variables on indian stock market (nifty index) using quarterly data over the period april 2005 to march 2015 four macroeconomic variables, namely exchange rate, foreign institut.