Seybold Report ISSN: 1533-9211
Dr. Vinod Waiker
Research Supervisor, Datta Meghe Institute of Management Studies, Nagpur
Mr. Shubham Chavhan
Research Scholar, Datta Meghe Institute of Management Studies, Nagpur
Pankaj shah, Senior project manager, Infosys
Vol 17, No 09 ( 2022 ) | DOI: 10.5281/zenodo.7117134 | Licensing: CC 4.0 | Pg no:1323-1331 | Published on: 27-09-2022
Abstract
In this research paper, attempt has been made to explore the relation especially the causal relation between stock market index i.e. NSE Sensex and three key macro-economic variables of Indian economy. It is concluded that, Indian stock market is approaching towards informational efficiency at least with respect to two macroeconomic variables, viz. exchange rate and inflation (WPI). A large attention is being paid on various factors which impact stock market. Despite the growing literature on impact of variable on stock market, little effort has been done devoted to synthesize the overall state of art on the topic. In this paper, an attempt is being made to review the status of literature on impact of macroeconomic variables on stock market, thus to find research gap. A literature review scheme is presented. Based on review, suggestion for further research is likewise provided.
Keywords:
Macroeconomic variables; National Stock Exchange; Efficient Market Hypothesis; Indian Economy