Factors Affecting the Movement of Stock Market: Evidence from India

Authors

  • V. Ramanujam Assistant Professor, Bharathiar School of Management and Entrepreneur Development, Bharathiar University, Coimbatore, Tamil Nadu, India
  • Leela Research Scholar, Bharathiar School of Management and Entrepreneur Development, Bharathiar University, Coimbatore, Tamil Nadu, India

DOI:

https://doi.org/10.53983/ijmds.v3i4.85

Keywords:

Stock Price, Macroeconomic, Multiple Regression Model

Abstract

This paper examines the impact of changes in selected macro variables upon the movement of stock Market Index, i.e., CNX NIFTY for the period from January 2004 to December 2013. A Multiple Regression Model has been used to estimate the relationship. Based on regression coefficient, it was found that exchange rate and gross domestic product have influence the NSE Stock Index. But Exchange rate and Index of Industrial Production influenced the stock prices in Negative way and Gross domestic Product influenced the stock prices in positive way.

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Published

15-04-2014

How to Cite

V. Ramanujam, and Leela. “Factors Affecting the Movement of Stock Market: Evidence from India”. International Journal of Management and Development Studies, vol. 3, no. 4, Apr. 2014, pp. 01-08, doi:10.53983/ijmds.v3i4.85.

Issue

Vol. 3 No. 4 (2014): IJMDS

Section

Articles