Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Long run relationship between macroeconomic indicators and Indian sectoral indices Subject The topic of the resource Macroeconomic variables; Portfolio diversification; Sectoral stock indices; Vector error correction mechanism Description An account of the resource Investors and fund managers continuously strive to find new ways to diversify their portfolio and minimise risk exposure. The study aims to find out whether the macroeconomic indicators exert the same influence on stock prices across the entire stock market or varies across different sectors. The impact of macroeconomic indicators would not be the same on all the sectors. This paper provides empirical evidence of macroeconomic indicators such as crude oil prices, interest rates, foreign currency rates, money supply and inflation rates having a varied impact on Nifty50 index and each of the select sectoral stock indices namely, Nifty Bank, Nifty IT and Nifty financial services. The sample period runs from Jan 2009 to Jan 2019. The study employs the Error Correction Mechanism to study whether the macroeconomic indicators have the same impact across sectoral stock indices in the long run. The findings show that variations in macroeconomic variables do not trigger the same response from all the sectoral stock indices. While most of the variables chosen have a significant influence on Nifty50 index and NiftyIT; Nifty financial services and Nifty Bank remain unaffected by changes in few major macroeconomic variables or show opposite reaction than the other sectors. The findings of the study have significant implications for long term investors and investment managers for building a diversified portfolio and thereby protecting themselves from financial losses during adverse market conditions. 2019, Institute of Advanced Scientific Research, Inc.. All rights reserved. Creator An entity primarily responsible for making the resource Kumara R.N.; Baskaran S.A. Source A related resource from which the described resource is derived Journal of Advanced Research in Dynamical and Control Systems, Vol-11, No. 9 Special Issue, pp. 1126-1132. Publisher An entity responsible for making the resource available Institute of Advanced Scientific Research, Inc. Date A point or period of time associated with an event in the lifecycle of the resource 2019-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.5373/JARDCS/V11/20192681" target="_blank" rel="noreferrer noopener">https://doi.org/10.5373/JARDCS/V11/20192681</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85074078166&amp;doi=10.5373%2FJARDCS%2FV11%2F20192681&amp;partnerID=40&amp;md5=bceb31649bac382d8eeaf152f761b069" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85074078166&amp;doi=10.5373%2fJARDCS%2fV11%2f20192681&amp;partnerID=40&amp;md5=bceb31649bac382d8eeaf152f761b069</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 1943023X Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Kumara R.N., Department of Commerce, CHRIST (Deemed to be University), Hosur Road, Bangalore, India, Periyar University, Salem, India; Baskaran S.A., Department of Commerce, Govt. Arts College, Hosur, Krishnagiri (DT.), Tamil Nadu, India