A Study of Co Movement and Interdependence of Indian Stock Market with Selected Stock Markets

Released on by Mitesh Patel
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  • A Study of Co Movement and Interdependence of Indian Stock Market with Selected Stock Markets Book Detail

  • Author : Mitesh Patel
  • Release Date : 2015
  • Publisher :
  • Genre :
  • Pages : 8
  • ISBN 13 :
  • File Size : 72,72 MB
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A Study of Co Movement and Interdependence of Indian Stock Market with Selected Stock Markets by Mitesh Patel PDF Summary

Book Description: The Bombay stock exchange, Hong Kong Stock Exchange, Tokyo Stock Exchange & Shanghai Stock Exchange are among the oldest exchanges in Asia. The Study was carried out with objective to examine the causal linkages among equity markets to better understand how shocks in one market are transmitted to other markets. The study was done by taking data from 1/3/2000 to till 4/6/2011. The study was done by taking stock price data of BSE, HANGSENG, TSE & SSE. Various analytical tools such as correlation, unit root test (ADF test) and granger causality test were applied in study to find co movement & dependency of Indian market over selected markets. The correlation of daily prices gives an outcome that BSE is highly correlated with Hangseng & SSE. The granger causality test reveals an outcome that BSE is not granger cause by any of the selected market. Over all it can conclude that the selected markets are not much depending on each other.

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