Movement of the Stock Indices in Relation with Selected Macroeconomic Variable

Abstract

This paper has a leaning to pass on the relationship between macroeconomic variables and Indian securities exchange. The relationship and impact is connected to know the effect of macroeconomic pointers on the execution of securities exchange. The clarified variables in the study incorporate normal yearly cost of MCX and CNX 100 while the logical variables are Index of Exchange rate (ER), Crude Oil Price (CP) and Gold Price (GP). The information utilized as a part of the study is in the yearly recurrence and time of the study incorporates from first Jan 2013 to 31st December 2015. The observational results show significant effect of macroeconomic variables on Indian securities exchange. The Indian Stock business sector enhances with the expansion in the inflow of remote speculation. In this way outside capital is quality expansion to the business sector as it has all together positive effect on securities exchange.

Development in the estimation of outside speculation has impact on securities exchange. The negative effect of gold rate and oil cost and silver cost on securities exchange show up the time of study. And also there is a no significant impact of the macroeconomic variable and stock indices With the stimulating of dollar, Indian coin deteriorates in the universal business sector.