Abstract
This comprehensive analysis delves into the intricate relationship between the Bombay Stock Exchange SENSEX (BSE SENSEX), India's leading stock market index, and popular international stock indices during three distinct research periods from 2018 to 2022. The study employs a combination of correlation analyses and multiple regression models to explore how SENSEX interacts with global counterparts, shedding light on the evolving dynamics of the Indian stock market. The five-year research period from 2018 to 2022 reveals that SENSEX displays a robust positive correlation with various international indices, including Nikkei 225, DAX, CAC40, S&P500, NASDAQ100, and DOW JONES. This suggests a substantial degree of co-movement with global markets, emphasizing the influence of external economic and financial factors on India's stock market. A multiple regression analysis further substantiates these relationships by indicating that international indices collectively have a significant impact on SENSEX's variations during this period.
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