Abstract
This study investigates the stock market integration amongst important global stock markets, namely, China, Japan, India, European Union, UK and USA for the period of 5 years between April 2013 and May 2018.The main objective for the present study is to test the co-integration of the major foreign stock markets and to find out the causal relationship among major selected stock markets and to assess the Interdependence of foreign stock markets and their impact on Indian stock exchange. Descriptive statistics reveals that BSE-Sensex is the quite uncertain market with high level of market return amongst all the developed stock markets as their standard deviation is higher. From the study it is found that there is a long run influence of world stock market on Indian stock market. Granger causality reveals that Indian stock market does not granger cause other stock exchanges and vice-versa.
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.
