A macro-economic perspective to the Indian Stock Market

Registration ID: IJNRD_184274

Published ID: IJNRD2211195

DOI: http://doi.one/10.1729/Journal.32220

Juhi Bakshi , Dr. Rabichandra

Stock Market, GDP, Cointegration, Granger Causality, Unit Root test

On the one hand, the stock market motivates individuals to invest in financial products and preserve money, while on the other, it makes it simple for businesses to obtain long-term funding for capital projects. However, the volatility of the stock market and its connections to economic growth have received less attention in recent economic times, which has a substantial impact on those who invest in it on a large scale. Retail investors have suffered significant wealth losses during times of acute market crashes, and this issue needs to be addressed. This study investigates whether there are long-run and short-run dynamic interactions between stock prices and GDP growth rate, which are robust to structural fractures in the cointegration vector as well as the deterministic vector, using the cointegration test and Granger causality approaches. The study also looks into the direction of causality in the event that a long/short-run correlation is found. If there is a significant correlation between stock prices and these variables and a causal linkage linking macroeconomic variables to stock prices, macroeconomic variable fluctuations can be controlled to prevent stock market crises (specifically, controlling exchange rates and interest rate movements). The government can focus on domestic economic policy to maintain the stock market throughout any financial crisis. The global bank's data for India and the Sensex were used to calculate the study's indices.

Published Paper   E-Certificate

Juhi Bakshi & Dr. Rabichandra (November-2022). A macro-economic perspective to the Indian Stock Market. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(11), b787-b796. http://doi.one/10.1729/Journal.32220

Volume 7 Issue 11, November-2022

Pages : b787-b796

Paper Reg. ID: IJNRD_184274

Published Paper Id: IJNRD2211195

Downloads: 000121995

Research Area: Commerce

Country: Vadodara, Gujarat, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2211195.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2211195

Crossref DOI: http://doi.one/10.1729/Journal.32220

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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