IES Management College And Research Centre

An Empirical Analysis of the Relationship Between FPI and Nifty Returns (Record no. 48241)

MARC details
000 -LEADER
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
Holdings
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
    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

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