Does the nifty sectoral indices shake hands with nifty?: A time series analysis
- Title
- Does the nifty sectoral indices shake hands with nifty?: A time series analysis
- Creator
- Sangeetha R.; Makhariya K.
- Description
- Capital market in absolute sense is regarded as the mirror of the economy. Economy is a combination of various sectors. A sectoral index acts as barometer for the performance of that sector. As sectors are interrelated, this calls for studying the vulnerability of the each sector with the market as a whole .With an attempt to contribute to the meager amount of research on the sectoral indices of Indian capital market, this study aims to analyze the dependence of Nifty on its sectoral variants. This research will help in identifying the sector that has been the cause of movement in the market which can be beneficial in understanding and predicting the potential movement in the market by giving an inside of the vicious circle. The study include unit root test, co-integration and Granger causality test. The results of unit root test reveal that all the indices are non-stationary. It was observed that there are no co-integrating equations which was also discovered in the previous papers. The granger casualty test reveal that Auto, Bank, Energy and pharma are the sectors that have causal relation with the Nifty and Financial services, FMCG and IT sectors are the ones that do not have any causal relation with the Nifty. Serials Publications Pvt. Ltd.
- Source
- International Journal of Applied Business and Economic Research, Vol-15, No. 10, pp. 251-262.
- Date
- 2017-01-01
- Publisher
- Serials Publications
- Subject
- Causality; Co-integration; Nifty; Sectoral indices; Vicious circle of poverty
- Coverage
- Sangeetha R., Department of Management Studies, Christ University, Hosur Road, Bengaluru, Karnataka, 560029, India; Makhariya K., Department of Management Studies, Christ University, Hosur Road, Bengaluru, Karnataka, 560029, India
- Rights
- Restricted Access
- Relation
- ISSN: 9727302
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Sangeetha R.; Makhariya K., “Does the nifty sectoral indices shake hands with nifty?: A time series analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/17196.