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Agrawal, Om Prakash
- Impact of Foreign Institutional Investors on the Volatility of Indian Stock Market using GARCH Model
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1 Institute of Business Management, GLA University, Mathura, Uttar Pradesh, IN
1 Institute of Business Management, GLA University, Mathura, Uttar Pradesh, IN
Source
FOCUS : Journal of International Business, Vol 5, No 1 (2018), Pagination: 81-95Abstract
Foreign institutional investors have played an important role in the development of Indian stock market. In this paper, we study the relationship between the FII capital flows and the volatility of Indian stock market. To conduct the study, daily Index and trading data of SENSEX, NIFTY and FIIs was collected for fifteen years from April 1, 2001 to March 31, 2017. After testing for data stationarity using Augmented Dickey Fuller test (ADF) unit ischolar_main test, different statistical tools were applied such as S.D., mean, variance, skewness, correlation and GARCH model for testing the impact of FIIs flows on stock market volatility. The study concludes that there is strong relationship between the FIIs and the stock market return. Further, positive correlation exists between the variables and volatility transmission is there from FIIs to both the indices.Keywords
FIIs, Indian Stock Market, NIFTY, SENSEX, GARCH.
References
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- Impact of Monetary Policy on GDP of India
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Authors
Affiliations
1 Institute of Business Management, GLA University, Mathura, Uttar Pradesh, IN
1 Institute of Business Management, GLA University, Mathura, Uttar Pradesh, IN
Source
PRAGATI : Journal of Indian Economy, Vol 5, No 2 (2018), Pagination: 16-29Abstract
Monetary policy is a measure which is decided by the Apex bank to regulate currency supply and credit control in the Indian economy where as gross domestic product (GDP) is an indicator of growth and development of the economy. Monetary policy and its components i.e. CRR, SLR, BR, RR, RRR and MSF (Marginal Standing Facility) have impact on the inflation, credit supply in market and GDP of the country. The purpose of this study is to examine the impact of various financial components of monetary policy on the GDP, which is an index of economic growth and development of the economy. It has been observed during the study that monetary policy of the nation has positive impact on the GDP by applying the various tools and techniques with the help of Econometrics. In this study, GDP is used as dependent variable while components of monetary policy are used as independent variable to examine the impact.Keywords
GDP, Monetary policy, Economic Growth, Inflation, CRR.References
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