Relationship between Macro-Economic Indicators and Stock Market

International Journal of Economics and Management Studies

© 2018 by SSRG - IJEMS Journal

Volume 5 Issue 10

Year of Publication : 2018

Authors : Sonal B. Shah, Mala Dani

10.14445/23939125/IJEMS-V5I10P105

How to Cite?

Sonal B. Shah, Mala Dani, "Relationship between Macro-Economic Indicators and Stock Market," SSRG International Journal of Economics and Management Studies, vol. 5,  no. 10, pp. 30-32, 2018. Crossref, https://doi.org/10.14445/23939125/IJEMS-V5I10P105

Abstract:

Finance being a major part in the growth of any economy, also depends on indicators of economy. The present study focus on the impact of macro -economic indicators on Nifty 50. The data for fulfilling the objectives of the study will be collected from Secondary data. It is strongly believed by many economist that there is a strong relationship between growth of economy and financial system. Stock market plays a key role in enhancing the growth of any economy. In the study period Nifty 50 being a major stock exchange of India considered as dependent variable of study and FII, M3 , WPI being the dependent variable. The statistical technique of multiple regression is used to analyzed the impact of macro- economic indicators to Nifty50.The study concludes that all the macro- economic indicators have influence on Nifty 50 in a period of April 2001 to march 2010.

Keywords:

Economic growth , Nifty 50, Macro -economic indicators

References:

[1] Antonio Muhammed and Fauzi Hafidoh 2013,"The islamic capital market volatility A comparative study between Indonesia and Malaysia" in bulletin of monetary economics and banking p.no. 378-400. 
[2] barasa job 2014,"Macro economic determinants of stock market performance in Kenya- case of nairobi stock exchange,research project in school of business university of nairobi p.no. 1-62. 
[3] Jareno francisco and negrut Loredana 2016,"U.S. stock market and macro- economic factors "journal of applied business research vol. 32,no.1 
[4] Parmar Chetna 2013,"Empirical relationship among various macro economics variables on Indian stock market" November vol.1 issue 6. 
[5] Ray ,H. and Sarkar J. ( 2014),in "Macroeconomic link to Indian capital market :a post liberalization evidence Modern economy ,5,272-288. 
[6] Subramaniam M.2015,"A study on impact of macro -economic variables in the stock market "international journal of economics and management studies, vol. 2 issue 10