An Empirical Analysis of the Relationship Between FPI and Nifty Returns (Record no. 48241)
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000 -LEADER | |
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fixed length control field | nam a22 4500 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | OSt |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20170918172921.0 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 170918b xxu||||| |||| 00| 0 eng d |
100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | Kumar, Parul |
9 (RLIN) | 27489 |
245 ## - TITLE STATEMENT | |
Title | An Empirical Analysis of the Relationship Between FPI and Nifty Returns |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 7-24 p. |
520 ## - SUMMARY, ETC. | |
Summary, etc | This study is an attempt to evaluate and analyze the relationship between Foreign Portfolio Investors (FPIs) and the Indian stock market returns. With the stable economy, better growth prospects, liberal government policies and many more profitable opportunities, India has become a hot destination for FPI investments. Thus there is a need to study the impact of these investments on the market returns. Daily data of foreign net investment and Nifty returns, for the period starting from April 2004 to December 2015, has been used for evaluating the presence of feedback trading among the foreign investors. Vector autoregression and Granger causality have been used to test the presence of feedback trading hypothesis and establish the cause and effect relationship among the variables. The results suggest that FPIs are influenced by the Nifty returns but the opposite relationship does not hold. Also it is found that feedback trading is present in the short run with FPI getting influenced even by the Nifty's last 12 days returns. As the frequency of the data is changed to monthly, the feedback trading hypothesis does not hold true. In other words, it can be said that FPIs' net investment is positively influenced by Nifty returns. |
653 ## - INDEX TERM--UNCONTROLLED | |
Uncontrolled term | Emerging markets |
Uncontrolled term | Securities markets |
Uncontrolled term | Studies |
Uncontrolled term | Stock exchanges |
Uncontrolled term | Volatility |
Uncontrolled term | Foreign investment |
700 ## - ADDED ENTRY--PERSONAL NAME | |
Personal name | Gupta, Sunil K |
9 (RLIN) | 27490 |
Personal name | Sharma, R K |
9 (RLIN) | 27491 |
773 0# - HOST ITEM ENTRY | |
Host Biblionumber | 30428 |
Host Itemnumber | 66509 |
Main entry heading | MURTHY, E N |
Place, publisher, and date of publication | IUP PUBLICATION HYDERABAD |
Other item identifier | 5557553 |
Title | APPLIED ECONOMICS |
856 ## - ELECTRONIC LOCATION AND ACCESS | |
Materials specified | July 2017 Vol XVI No. 3 |
Uniform Resource Identifier | https://search.proquest.com/docview/1926895794/fulltext/940DE3EA51334913PQ/2?accountid=136204 |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Source of classification or shelving scheme | Dewey Decimal Classification |
Koha item type | Journal Article |
Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
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Dewey Decimal Classification | Main Library | Main Library | 18/09/2017 | Vol 16, No 3 | Vol 16, No 3/ 5557553JA1 | 5557553JA1 | 18/09/2017 | 18/09/2017 |