ProgramsView all programs
From the news
- Chancellor Amma Addresses the Parliament of World’s Religions
- Amrita Students Qualify for the European Mars Rover Challenge
Publication Type : Conference Paper
Publisher : International Conference on Advances in Computing, Communications and Informatics, ICACCI .
Source : International Conference on Advances in Computing, Communications and Informatics, ICACCI 2016 (2016)
Campus : Coimbatore
School : School of Business
Year : 2016
Abstract : Macro environment plays a major role along with the micro environment in making an impact over the performance of stock market in India. This study attempts to research whether Money Supply, Foreign Direct Investments (FDI), Inflation Rate, Index of Industrial Production (IIP), Foreign Exchange Reserves and Foreign Portfolio Investments (FPI) are making any significant impact on the BSE Bankex returns. The previous studies have taken different variables as macroeconomic factors in order to measure their impact on Bankex. This study is focusing on different macroeconomic factors that have not yet taken earlier in order to understand their impact on Bankex. For that monthly data was collected over a period of 10 years ranging from April 2005 to March 2015 from the websites of Bombay Stock Exchange, Reserve Bank of India etc. Unit root test, multiple regression and multicollinearity test were conducted for making the analysis. The analysis revealed that FDI and Foreign Exchange Reserves have a significant impact on the BSE Bankex returns and there is no multicollinearity exists between the variables in the model.
Cite this Research Publication : S. Sudhakaran and Dr. P. Balasubramanian, “A study on the impact of macro economic factors on S&P BSE bankex returns”, in International Conference on Advances in Computing, Communications and Informatics, ICACCI 2016, 2016.