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 Faculty Publications 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/. Creator An entity primarily responsible for making the resource Vishweswarsastry, V.N.; Guruprasad Desai, D.R.; Manjushree; Narasimha Murthy, H.; Kantharaju, N.P. Title A name given to the resource Exploring The Dynamic Relationship between Macroeconomic Variables on Indias Premier Benchmark Sensex 30 Index Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2025 Source A related resource from which the described resource is derived International Journal of Accounting and Economics Studies;Volume;12;Issue;4;pp.598-606 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.14419/4jzk6k89" target="_blank" rel="noreferrer noopener">https://doi.org/10.14419/4jzk6k89</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105014985477?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105014985477?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Vishweswarsastry V.N., Department of Commerce, Manipal Academy of Higher Education, Manipal, India; Guruprasad Desai D.R., Department of Commerce, Manipal Academy of Higher Education, Manipal, India; Manjushree, Presidency University, Karnataka, Bangalore, India; Narasimha Murthy H., Department of Professional Studies, School of Commerce, Finance and Accountancy, CHRIST University, Bangalore, India; Kantharaju N.P. Description An account of the resource The purpose of the study is to examine the impact of macroeconomic indicators on the closing prices of the BSE Sensex 30, a key benchmark index in India known for its volatility in response to economic conditions. This research is particularly relevant in the context of economic shocks, as it aims to recommend the adoption of appropriate economic policies that could benefit the stock market index, ultimately advancing growth in the capital market. Using the ordinary least squares (OLS) method, the study analyzes the effect of various macroeconomic variables on the BSE Sensex. Additionally, the complex relationship between these variables is explored using the Johansen Cointegration test and evidenced through the Vector Error Correction (VECM) model. The findings reveal that GDP, the Index of Industrial Production (IIP), Indias foreign trade, gold prices, Foreign Direct Investment (FDI), and money supply significantly influence the BSE Sensex. However, External Commercial Borrowing, the Consumer Price Index (CPI), exchange rates, and foreign exchange, which showed the highest Variance Inflation Factors (VIF), were excluded from the study based on OLS results. In conclusion, the study advocates for the implementation of suitable economic policies that support the stock market, thereby aligning with investors interests and promoting capital market growth. Vishweswarsastry V. N. et al. Subject The topic of the resource Cointegration; Econometrics; Multicollinearity; OLS; VECM Publisher An entity responsible for making the resource available Science Publishing Corporation Inc. Relation A related resource ISSN: 23094508; Language A language of the resource English Type The nature or genre of the resource Article Rights Information about rights held in and over the resource All Open Access; Bronze Open Access; Green Open Access Format The file format, physical medium, or dimensions of the resource online