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@article{148310,
        author = {T.Sisili  and D.David Winster Praveenraj and V.Vishnu Praba},
        title = {IMPACT OF MACRO ECONOMIC VARIABLES ON STOCK INDICES OF INDIAN STOCK MARKET},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {6},
        number = {1},
        pages = {282-290},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=148310},
        abstract = {The study examined on the impact of macroeconomic variables in Indian stock market. Analysis used in this study is correlation, granger- causality test, descriptive tests and Augmented – Dickey fuller test. Gross domestic product and exports have positive correlation with SENSEX. Whereas consumer price index, inflation, imports, gross fiscal deficit and unemployment have negative correlation with SENSEX.  In  Augment  Dickey Fuller test  it  was  found that SENSEX, gross fiscal deficit, consumer price index, imports and exports, inflation and unemployment  become  stationary  at  first  level  difference.  Gross Domestic Product become stationery at second level difference. In granger causality test it was found that exports, inflation, gross domestic product and unemployment have one- way causality relationship with SENSEX. From the descriptive statistics test it was observed that it rejects null hypothesis, it reveals that macroeconomic variables have a significant effect on SENSEX. In this study it concludes that changes in the macroeconomic variables make a significant effect on Indian stock market.},
        keywords = {},
        month = {},
        }