Causal Influence of Macroeconomics Factors Shock on Indian Stock Market: Evidence from BSE Index | A

The spillover of BSE stock returns by the regime of macroeconomic factors was investigated in this research work. The study used data from the RBI website and www.bseindia.com to identify sample macroeconomic variables such as FII, IFT, M3, Production Index, and WPI for the period 1 January 2010 to 31 December 2019. Descriptive statistics, correlation, Granger causality test, and VECM were all used in the study. During the study period, the selected macroeconomic variables were partly normally distributed, and risk was associated to high rather than returns, according to the research article. The movement of BSE Sensex variables in a research was linked to the preceding period's distance from the output of the long-run equilibrium, according to the VECM. The BSE Sensex returns were not significantly affected by the short-run connection among the examined series over the research period, nor were the selected macroeconomic factors. This research suggests that before developing an investment plan, the manufacturing investor community should examine these macroeconomic determinants, and the findings will aid policymakers.

Please see the link :- https://globalpresshub.com/index.php/AJEFM/article/view/838