EconPapers    
Economics at your fingertips  
 

Impact of Macro-Economic Factors on Sectoral Indices – Evidence from Indian Markets

Naveen R.S. and N. Sivakumar
Additional contact information
Naveen R.S.: Sri Sathya Sai Institute of Higher Learning, India
N. Sivakumar: Sri Sathya Sai Institute of Higher Learning, India

Journal of Applied Management and Investments, 2016, vol. 5, issue 3, 174-182

Abstract: The impact of macro-economic factors on stock returns has been long proven through research studies. This paper extends this idea to understand the impact of macro-economic factors on sectoral indices of the National stock exchange (NSE) of India. The study uses data over a 10 year period. Based on regression models, the study shows that crude oil prices and forex rates have a pervasive significant impact on sectoral indices. Besides, there are several other macro-economic factors which affect specific sectoral indices.

Keywords: sectoral indices; macro-economic factors; National stock exchange (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.jami.org.ua/Papers/JAMI_5_3_174-182.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:5:y:2016:i:3:p:174-182

Access Statistics for this article

Journal of Applied Management and Investments is currently edited by Anatoliy G. Goncharuk

More articles in Journal of Applied Management and Investments from Department of Business Administration and Corporate Security, International Humanitarian University Contact information at EDIRC.
Series data maintained by Anatoliy G. Goncharuk ().

 
Page updated 2017-10-13
Handle: RePEc:ods:journl:v:5:y:2016:i:3:p:174-182