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- Title
A Study On Relationship Between Select Global Indices And NIFTY.
- Authors
Sowmya, Budampati V. S.; Reddy, Enugu Akhila
- Abstract
Indian stock markets though small when compared to world markets, are attracting a large number of investors with a considerable growth in the performance. All the world markets are interlinked and any rise/fall in the world indices will have an effect on Indian indices as well. An analysis of world indices will help the investor to predict the market movements of Indian indices and thus take better investment decision. 2020 marked a remarkable year as the world suffered heavily due to the outbreak of Covid-19 pandemic. Literature review has clearly shown that investors have expanded their boundaries of investment to world markets and a study of correlation among these markets is essential to reap greater returns. The purpose of the study is to analyze the returns of select market indices on a quarterly basis during 2018-2020. The study also focused on understanding the correlation between various global indices and NIFTY during the study period. Standard Deviation of returns and correlation among the various indices is used to attain the set objectives. The research found that there is a tremendous fall in the returns of all the global indices in the first quarter of 2020 when Covid-19 was on wide spread across the globe. It is found that there exists a strong positive correlation between global indices and NIFTY during the study period.
- Subjects
NATIONAL Stock Exchange of India Ltd.; FINANCIAL markets; COVID-19 pandemic; STOCK exchanges; INVESTORS; STANDARD deviations
- Publication
Aweshkar Research Journal, 2022, Vol 29, Issue 1, p7
- ISSN
0974-1119
- Publication type
Article