( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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A STUDY ON COINTEGRATION BETWEEN MACRO ECONOMIC INDICATORS AND NSE STOCK MARKET PERFORMANCE IN INDIA

    2 Author(s):  DR. M.ANBUKARASI, V.SHANTHI

Vol -  10, Issue- 1 ,         Page(s) : 104 - 119  (2019 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Stock market acts as s barometer for the economy. Stock Market Performance and Economic Growth goes in hand in hand in case of Indian economy.While considering Indian economic growth , the stock market performance plays an essential role. The period of study ranges from 1990 to 2017. The tools used for the study is ADF unit root test , Johansen cointegration test and Vector error correction model. The study concludes that Gross domestic product, Crude oil price, Inflation and Real interest rate have the significant relationship with the NSE stock market for the study period

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