Abstract
The intertwining realms of global financial markets have become increasingly complex and interconnected, with indices serving as barometers of economic health and indicators of market dynamics. This study aims to look into the complicated link between the NASDAQ and the NIFTY, attempting to untangle the nuanced relationships that control their co-movements. To meet this objective historical time series data for both indices has been collected for a period ranging from 1st April 2021 to 31st March 2023, for a comprehensive investigation. The data has been collected from BSE website and Yahoo finance. The study utilizes econometric tools like Johansen Co-integration test and Grangers causality in EViews Software. The analysis reveals that the past value of NIFTY granger causes NASDAQ and both the indices have a long-term equilibrium relationship. This study provides valuable insights for investors, analysts, and policymakers navigating the complexities of the global financial landscape.
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