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- Title
The Impact of Macroeconomic Announcements on Equity Markets: Empirical Evidence from India.
- Authors
Srividya, V.; Susana, D.
- Abstract
Understanding the behavior of the investors during macroeconomic announcements gives insights into the causes of stock market volatility and the relationship between macroeconomic announcements and stock markets. The Volatility Index (VIX) is the well-known indicator for stock market uncertainty and the present study examines the behavior of the Indian VIX during six Indian and eight US macroeconomic announcements. The findings suggest that the Indian Index of Industrial Production (IIP) and the US Federal Open Market Committee (FOMC) meetings cause impact on the announcement days. However, the US employment situation causes impact on the days before, during and after the announcement.
- Subjects
INDIA; STOCK exchanges; INDUSTRIAL production index; MARKET volatility; ANNOUNCEMENTS; SOCIAL marketing
- Publication
IUP Journal of Financial Risk Management, 2019, Vol 16, Issue 2, p31
- ISSN
0972-916X
- Publication type
Academic Journal