The paper attempts to investigate the linkage among BRIC nations after the global financial crisis of 2008. Literature indicates that a large number of studies have addressed issues like regional and global market integration of India, integrating the relationship of BRIC nations with other developed economies, but relationship among BRIC nations is far from over. The analysis in the present study has been carried out in two stages. In the first stage, long-run and short-run linkages among BRIC market indices are analyzed using Johansen cointegration method and Sim’s Vector Autoregression (VAR) model. In the second stage, the linkages are investigated using a VAR model through Toda and Yamamoto (1995) version of Granger non-causality test and forecasted error variance decomposition as well as impulse response. Investigating the short-run causal relationship among market indices revealed how much of the forecast error variance of NIFTY market return can be explained by exogenous innovation to the other BRIC markets. The results of causality among BRIC stock markets indicate that only Brazilian market has a unidirectional causality on Indian stock market. The findings also suggest that return in Indian stock market (NIFTY) is largely affected by its own innovation, and innovations in other BRIC stock markets do not dominate in the case of Indian stock market