Abstract
The study aims to examine the short run and long run relationship between bank nifty and other selected sectoral indices of NSE. 10 sectoral indices e.g. Current research has taken into account Nifty Bank, Nifty Auto, Nifty IT, Nifty FMCG, Nifty Media, Nifty Metal, Nifty Pharma, Nifty PSU, Nifty Private Banks, and Nifty Reality. We used the Unit Root Test, VAR, Descriptive Analysis, Johansen’s Cointegration Test, Beta, and VECM to test our hypothesis. According to the study, there is no long-term association between the variables and the data was not steady at the level.Only short term relationship was seen between NIFTYINDEX and RETNIFTY_MEDIA. Beta justified that Nifty Pharma is most defensive sector i.e. it is least sensitive to changes occurring to Nifty, whereas Nifty Private bank is most sensitive sector. It was also seen that 3 sectors, Nifty_ Media, Nifty_PSU, and Nifty Pharma Indexes have negative correlation with Nifty Index.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
