Proceedings of the First International Conference on Combinatorial and Optimization, ICCAP 2021, December 7-8 2021, Chennai, India

Research Article

An Analytical Study of Nifty 50 and Financial Sector Indices

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  • @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
Dr. Bhuvaneshwari D1,*
  • 1: PSG College of Technology
*Contact email: db.hum@psgtech.ac.in

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..

Keywords
nifty 50 nifty financial sector indices granger causality impulse response function
Published
2021-12-22
Publisher
EAI
http://dx.doi.org/10.4108/eai.7-12-2021.2314677
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