A Study on the Inter-Market Relationship Between Indian Stock Markets and Global Stock Markets.
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MURTHY, E N APPLIED FINANCESummary: The paper investigates the possibility of classifying all the developed economies' stock markets as having an influence on the Indian stock markets and vice versa. To examine the validity of the above statement, the difference between Indian stock markets and the stock markets of developed and developing economies is ascertained using OLS regression analysis. Further, for the Granger causality test and the impulse response test, five developed economies, viz., US, UK, Hong Kong, Japan and Spain, and five developing economies, viz., Sri Lanka, Pakistan, Kenya, China, and Indonesia, are selected. The selection was made based on the GDP rates, and the countries with the highest GDP were selected. The study is conducted using 10 years' data relating to the stock index prices of the selected countries. The study concludes that not all the developed economies have an impact on India, as Japan is found not to influence Indian stock markets, whereas all the developing economies' stock markets are found to be affected by India. [ABSTRACT FROM AUTHOR]
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journal Article
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Main Library | Vol 25, No 3/ 55510783JA3 (Browse shelf(Opens below)) | Available | 55510783JA3 | |||||
Journals and Periodicals
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Main Library On Display | JOURNAL/FIN/Vol 25, No 3/55510783 (Browse shelf(Opens below)) | Vol 25, No 3 (01/07/2019) | Not for loan | July, 2019 | 55510783 |
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The paper investigates the possibility of classifying all the developed economies' stock markets as having an influence on the Indian stock markets and vice versa. To examine the validity of the above statement, the difference between Indian stock markets and the stock markets of developed and developing economies is ascertained using OLS regression analysis. Further, for the Granger causality test and the impulse response test, five developed economies, viz., US, UK, Hong Kong, Japan and Spain, and five developing economies, viz., Sri Lanka, Pakistan, Kenya, China, and Indonesia, are selected. The selection was made based on the GDP rates, and the countries with the highest GDP were selected. The study is conducted using 10 years' data relating to the stock index prices of the selected countries. The study concludes that not all the developed economies have an impact on India, as Japan is found not to influence Indian stock markets, whereas all the developing economies' stock markets are found to be affected by India. [ABSTRACT FROM AUTHOR]
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