Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : SENSEX


Dynamic modelling of S&P BSE Sensex: Empirical evidence of information persistence and trading effects

Dr. SHIKTA SINGH, Dr. CHANDRABHANU DAS, Dr. Padmaja Mishra

Journal of Contemporary Issues in Business and Government, 2022, Volume 28, Issue 4, Pages 661-673
DOI: 10.47750/cibg.2022.28.04.048

Purpose – The BSE Sensex, popularly known as SENSEX is considered as the pulse of
domestic equity markets in India. However many researchers and policy makers also
consider SENSEX as a barometer of Indian economy. The bull and bear phase of
SENSEX is seen as upturn and downturn cycles in Indian perspective. The SENSEX
consists of thirty well established stocks which are representative of various industrial
sectors of Indian economy. Available literature provides evidence of attempt by many
researchers in prediction and modelling of various market indices.Our study identifies a
natural framework to study the dynamic structure of daily returns from BSE Sensex. The
purpose of this study is to find evidence of index movement due to historical patterns or
random shocks, which describe the economic environment under which the asset price is
determined.

AN EMPIRICAL STUDY ON IMPACT OF INFLATION RATE ON STOCK MARKET PERFORMANCE IN INDIA

Mrs. K. Swarnalatha, Dr. P. Sridhar, K.V.S. Krishnmohan

Journal of Contemporary Issues in Business and Government, 2022, Volume 28, Issue 4, Pages 960-967
DOI: 10.47750/cibg.2022.28.04.072

BSE index SENSEX and BSE index NIFTY are the major indexes in India which is a measuring indicator of the economic development of India. The Inflation rate is one of the macroeconomic factors which influence the stock market directly or indirectly. Any country tries to make an economic policy to stabilize the inflation rate of their economy. The relationship between the stock market and the Inflation of a country has been a captivating concept for any policy maker and the researcher. The present study made an attempt to understand the relationship between inflation and stock market returns in India. The data from 2010 to 2022 is taken for the analysis. 

Sensex a true reflector of economic growth – myth or reality: a case of India

DR HIMANSHU RASTOGI; DR HITESH KESERWANI

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 3, Pages 1442-1447
DOI: 10.47750/cibg.2021.27.03.194

Stock exchange indices are often considered as a reflector of nation’s economic wellbeing, but the point is that how closely are the two associated to one and another and does growing Sensex actually guarantees rapid growth of economy, is something needs to be analyzed. The present paper is aimed to find if any relationship exists amid economic growth and Sensex and also to see whether Sensex is reflective of national growth or other factors are more instrumental to set the direction of Sensex even though the economy is not performing as per the expectations. For this purpose, a retrospective study was carried out. BSE Sensex growth rates for the last 10 years have been taken into consideration and corelated with Gross Domestic Product (GDP). Statistically there was no significant correlation established between Sensex and Economic Growth. Most of the times it has been found that even though the Sensex is zooming still the economic growth is lagging the reason been that Sensex is guided more by the performance of select companies which form the Sensex basket while the performance of economy is a result of many more factors which gives direction to economy rather than the Sensex alone. The paper tries to highlight the various factors which gives direction to economic growth than the Sensex itself alone. The paper is based on secondary source of information derived from reliable websites, research papers, government sites etc.