The Effect Of Macroeconomic Variables On Stock Returns In National Stock Exchange Of India
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The Effect Of Macroeconomic Variables On Stock Returns In National Stock Exchange Of India
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Author : S. S. Ranasinghe
language : en
Publisher:
Release Date : 2006
The Effect Of Macroeconomic Variables On Stock Returns In National Stock Exchange Of India written by S. S. Ranasinghe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The Effect Of Macro Economic Factors On Stock Return Volatility At Nse
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Author : Tobias Olweny
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2012-06
The Effect Of Macro Economic Factors On Stock Return Volatility At Nse written by Tobias Olweny and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06 with categories.
This book provides a wider scope on the effect of NSE index, Foreign exchange rate, and Interest rate and Inflation rate in determining macroeconomic environment affecting stock return volatility on Nairobi Stock Exchange. Secondary data from NSE, Central Bank of Kenya (CBK) and Kenya National Bureau of Statistics (KNBS) were employed in the study. The results of the study have been presented in five chapters each handling introduction, literature review, study design and summary of the study findings and conclusion. The major investigations presented in the study were mainly concentrated around the selected variables. The finding of this research provides robust understanding by policy makers, policy analysts, investors, and academics of the dynamics of the stock returns in Kenya particularly, with regard to leverage and impact of news. The study recommends the government and the regulator to come up with policies that will help stabilize Foreign exchange rate, Interest rate and Inflation rate fluctuation thus creating investor confidence in the securities market.
Impact Of Macroeconomic Variables On Stock Market In India
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Author : Sanjay Kumar Das
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2021-01-25
Impact Of Macroeconomic Variables On Stock Market In India written by Sanjay Kumar Das and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-25 with categories.
Stock market returns depend on the changes in the stock market index. In India, S&P BSE Sensex is considered as the pulse of the stock market. S&P BSE Sensex is the sensitive index of Bombay Stock Exchange (BSE), which is a value- weighted index, composed of 30 largest and most actively traded stocks. There have been limited studies on the linkage between the macro economy and stock prices in India. The purpose of this study is to investigate this linkage between macroeconomic variables and stock market returns with reference to S&P BSE Sensex as well as the linkage between macroeconomic variables and S&P BSE sectoral indices. The study also investigates the linkage between exchange rate and volatility of S&P BSE Sensex Returns.
Indian Stock Returns And Macroeconomics
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Author : Shivi Suhag
language : en
Publisher:
Release Date : 2023-07-06
Indian Stock Returns And Macroeconomics written by Shivi Suhag and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-06 with Business & Economics categories.
Indian stock returns refer to the performance or profitability of the Indian stock market over a certain period. It is a measure of the gains or losses an investor realizes from investing in Indian stocks. Stock returns can be calculated by comparing the current price of a stock with its purchase price, including any dividends received during the holding period.Macroeconomics, on the other hand, is a branch of economics that deals with the overall performance and behavior of the economy as a whole. It focuses on studying aggregates such as GDP (Gross Domestic Product), inflation, unemployment, interest rates, and other macroeconomic indicators to understand the functioning of the economy and make policy recommendations.The relationship between stock returns and macroeconomics is complex and intertwined. Macroeconomic factors play a significant role in influencing stock market performance. Here are some key macroeconomic variables that impact Indian stock returns: 1. GDP Growth: High GDP growth is generally associated with increased corporate profits and positive investor sentiment, leading to higher stock returns. Conversely, low or negative GDP growth can dampen investor confidence and result in lower stock returns.2. Inflation: Inflation refers to the general increase in prices of goods and services over time. Moderate inflation can be conducive to stock market performance as it indicates a growing economy. However, high inflation can erode purchasing power and negatively impact corporate profitability, leading to lower stock returns.3. Interest Rates: Changes in interest rates have a direct impact on the cost of borrowing and the attractiveness of different investment options. Lower interest rates generally favor stock market investments as they make equities more attractive relative to fixed-income securities. Conversely, higher interest rates may reduce stock market returns as investors shift towards safer fixed-income investments.4. Monetary Policy: The policies implemented by the Reserve Bank of India (RBI), such as adjustments to the repo rate or cash reserve ratio, can influence liquidity and credit conditions in the economy. Accommodative monetary policy measures can stimulate economic growth and boost stock returns, while tight monetary policy can have the opposite effect.5. Fiscal Policy: Government spending, taxation, and fiscal deficit also impact the stock market. Expansionary fiscal policies, such as increased government spending, can stimulate economic activity and have a positive effect on stock returns. Conversely, contractionary fiscal policies may dampen investor sentiment and lead to lower stock returns.It's important to note that stock market returns are also influenced by company-specific factors, market sentiment, investor behavior, and other variables apart from macroeconomic factors. Therefore, analyzing Indian stock returns requires considering a wide range of factors, including both macroeconomic indicators and specific market dynamics.
A Study Of Impact Of Macroeconomic Variables On Performance Of Nifty
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Author : Saurabh Singh
language : en
Publisher:
Release Date : 2014
A Study Of Impact Of Macroeconomic Variables On Performance Of Nifty written by Saurabh Singh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The paper tries to examine the primary factors responsible for affecting National Stock Exchange (NSE) in India. Further this paper attempts to investigate the relative influence of the factors affecting NSE and thereby categorizing them. It is a well known fact that dollar price or money exchange rate, IIP numbers and WPI values has a great influence on Nifty therefore; this research identifies the level of influence of exchange rate, IIP numbers and WPI values on Nifty. For establishing the relationship Regression Analysis has been used by using SPSS. The results suggest that values of IIP, WPI and Exchange Rate significantly affect the performance of Nifty.
Macroeconomic Variables And Security Prices In India During The Liberalized Period
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Author : Tarak Nath Sahu
language : en
Publisher: Springer
Release Date : 2016-01-01
Macroeconomic Variables And Security Prices In India During The Liberalized Period written by Tarak Nath Sahu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-01 with Business & Economics categories.
The liberalization and globalization of the Indian economy has made India more vulnerable to macro issues. This book provides a comprehensive analysis of the dynamic relationship between macroeconomic variables and stock prices in India. The research findings and policy implications discussed here may also be relevant for other emerging economies.
Effect Of Select Macro Economic Variables On Stock Returns In India
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Author : P. Sireesha
language : en
Publisher:
Release Date : 2015
Effect Of Select Macro Economic Variables On Stock Returns In India written by P. Sireesha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper attempts to investigate the impact of select macroeconomic factors upon the movements of the Indian stock market index, Nifty along with gold and silver prices by using linear regression technique. The behavior of nominal and real returns at various levels of inflation, GDP, IIP and Money Supply is studied. The interdependence of the returns on stock, gold and silver is also identified.
An Empirical Study Of Financial Ratios Affecting Stock Returns In The Indian Stock Market
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Author : Suresh N.
language : en
Publisher:
Release Date : 2019
An Empirical Study Of Financial Ratios Affecting Stock Returns In The Indian Stock Market written by Suresh N. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Stock market returns are the profit/loss the investors generate out of their investment in the stock market. These returns are dependent on various micro-economic and macro-economic factors. The present study analyses the micro-economic factors (financial ratios) that affects stock return which will provide a parameter for investors to decide about their investment. For the purpose of empirical study 12 firms of Fast Moving Consumer Goods (FMCG) sector and 6 firms of pharmaceutical sector which are trading on the NSE (National Stock Exchange) is selected and is studied for the period 2010-2017. The effect of financial ratios namely, DPS (Dividend Per Share), EPS (Earning Per Share), CR (Current Ratio), QR (Quick Ratio), ROE (Return on Equity), ROA (Return on Asset), DER (Debt to Equity Ratio), PBV (Price to Book Value), DPR (Dividend Pay-out Ratio), DYR (Dividend Yield Ratio) on stock returns is analysed using panel data analysis. This study uses Panel Vector Auto Regression Model (PVAR). In order to specify the appropriate estimation method of our PVAR Models, we employed Hausman test. Accordingly, our PVAR Models are estimated with fixed effects. The study found out that the price-book value, dividend per share has a significant impact on stock returns. The results of Wald test showed that there is a short run relationship between PBV, EPS, DPS, ROA and SR.
Effect Of Macroeconomic Variables On Stock Market Returns For Four Emerging Economies
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Author : Robert D. Gay
language : en
Publisher:
Release Date : 2008
Effect Of Macroeconomic Variables On Stock Market Returns For Four Emerging Economies written by Robert D. Gay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Efficient market theory categories.
Impacts Of Macroeconomic Variables On The Stock Market Returns Of South Asian Region
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Author : Quazi Nur Alam
language : en
Publisher:
Release Date : 2021
Impacts Of Macroeconomic Variables On The Stock Market Returns Of South Asian Region written by Quazi Nur Alam and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
This paper is intended to find out whether macroeconomic variables may impact on stock market as well aswhether such impact has any country specific pattern. Stock market return was taken as dependent variable andreal interest rate, inflation rate, GDP growth rate, foreign currency reserve growth rate, fiscal deficit, FDI toGDP ratio, exchange rate were taken as independent variables. Data-set was covered from 1993 to 2019 for fiveSouth Asian countries which were Bangladesh, India, Pakistan, Sri Lanka, and Nepal. Pattern of stock marketas well as macro conditions of these countries was observed and it was found that some relationships existbetween the stock market returns and these chosen independent variables. Unit root test, Heteroscedasticty test,autocorrelation test, Hausman test is conducted to authenticate and clarified data to investigate relationshipnature. Granger Casualty test indicated that there exist cause and effect relationship between GDP growth rate,exchange rate, and stock market returns. Finally, regression test reveals that inflation rate and foreign currencyreserve growth rate have significant impact on the stock market returns. It was expected to have unique natureof different countries having versatile impact on dependent, so additionally fixed effects model and randomeffects model were run and it was found that random effects model is statistically appropriate throughconducting Hausman test. The test reveals that GDP growth rate, foreign currency reserve growth rate, andfiscal deficit positively impact on the stock market returns and these also support the literature review. Interestrates, inflation rate, FDI to GDP ratio and exchange rate have negatively impact the stock market return whereonly interest rate, inflation rate & exchange rate.
