ISSN 2394-5125
 

Research Article 


A Study of Relationship between SENSEX and macroeconomic variables

Dr. Shalini Aggarwal, Nitin, Sukhmani.

Abstract
The paper studies the association amid macroeconomic variable and SENSEX. The
macroeconomic variables included are Rs vs $, Crude oil, FII(Foreign Institutional Investor), Gold and Inflation.
The data was extracted monthwise from January 2002 to December 2019. Various test has been applied to
discover the association of SENSEX with macroeconomic variables. ADF test shows the stationarity of the
variables at 1%. Meanwhile the cointegration test applied checks for long term connection amid the variables.
The results shows the existence of 1 cointegrating association amid the variables. The study will help the
policymakers, brokers, investors to design their investment portfolio accordingly.

Key words: FII, inflation, Granger Causality, Augmented Dickey-Fuller (ADF) test


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Dr. Shalini Aggarwal
Articles by Nitin
Articles by Sukhmani
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. A Study of Relationship between SENSEX and macroeconomic variables. JCR. 2020; 7(16): 1197-1205. doi:10.31838/jcr.07.16.151


Web Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. A Study of Relationship between SENSEX and macroeconomic variables. http://www.jcreview.com/?mno=4903 [Access: May 30, 2021]. doi:10.31838/jcr.07.16.151


AMA (American Medical Association) Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. A Study of Relationship between SENSEX and macroeconomic variables. JCR. 2020; 7(16): 1197-1205. doi:10.31838/jcr.07.16.151



Vancouver/ICMJE Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. A Study of Relationship between SENSEX and macroeconomic variables. JCR. (2020), [cited May 30, 2021]; 7(16): 1197-1205. doi:10.31838/jcr.07.16.151



Harvard Style

Dr. Shalini Aggarwal, Nitin, Sukhmani (2020) A Study of Relationship between SENSEX and macroeconomic variables. JCR, 7 (16), 1197-1205. doi:10.31838/jcr.07.16.151



Turabian Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. 2020. A Study of Relationship between SENSEX and macroeconomic variables. Journal of Critical Reviews, 7 (16), 1197-1205. doi:10.31838/jcr.07.16.151



Chicago Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. "A Study of Relationship between SENSEX and macroeconomic variables." Journal of Critical Reviews 7 (2020), 1197-1205. doi:10.31838/jcr.07.16.151



MLA (The Modern Language Association) Style

Dr. Shalini Aggarwal, Nitin, Sukhmani. "A Study of Relationship between SENSEX and macroeconomic variables." Journal of Critical Reviews 7.16 (2020), 1197-1205. Print. doi:10.31838/jcr.07.16.151



APA (American Psychological Association) Style

Dr. Shalini Aggarwal, Nitin, Sukhmani (2020) A Study of Relationship between SENSEX and macroeconomic variables. Journal of Critical Reviews, 7 (16), 1197-1205. doi:10.31838/jcr.07.16.151