Research Article
An Analytical Study of Nifty 50 and Financial Sector Indices
@INPROCEEDINGS{10.4108/eai.7-12-2021.2314677, author={Dr. Bhuvaneshwari D}, title={An Analytical Study of Nifty 50 and Financial Sector Indices}, proceedings={Proceedings of the First International Conference on Combinatorial and Optimization, ICCAP 2021, December 7-8 2021, Chennai, India}, publisher={EAI}, proceedings_a={ICCAP}, year={2021}, month={12}, keywords={nifty 50 nifty financial sector indices granger causality impulse response function}, doi={10.4108/eai.7-12-2021.2314677} }- Dr. Bhuvaneshwari D
Year: 2021
An Analytical Study of Nifty 50 and Financial Sector Indices
ICCAP
EAI
DOI: 10.4108/eai.7-12-2021.2314677
Abstract
The present study analyses the movements of ‘Nifty 50’ and the Nifty financial sector indices owing to their significance in the economy. The OLS regression, Granger Causality, and Impulse Response Function were estimated to measure the changes in the future responses of ‘Nifty 50’ to the changes in the select financial sector indices for the period April 2019 to March 2021. The findings indicated the direction of causality between the indices. Further, the study also provides evidence for the existence of a significant response on the Nifty 50 due to the changes in the financial sector indices in India..
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