International Journals

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    An Analysis on Impact of Gold, Oil and Exchange Rate on Indian Stock Market
    (Asian Journal of Research in Banking and Finance, 2020-02) Sudhamathi R.K
    Stock market movements are driven by economic scenario of the country and global scenario as well. It is often observed that stock markets respond to the changes in oil and gold prices, exchange rate variations.The recent past years has witnessed increased oil and gold prices and also depreciating Indian rupee against US dollar. This in turn has created volatility in the Indian stock market. In this scenario it is quite imperative to study the dynamic linkages that are exist among these variables. Viewed in this perspective an attempt has been made in this study to understand the association existing among oil, gold, exchange rate and stock market. An attempt has also been made to understand the causation effect that exists among these variables.To understand the impact, the analysis was done based on the data collected for the variables such as oil price, gold price, exchange rate of Indian rupee against US dollar and BSE Sensex for the period from July 2014 to July 2019.
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    Impact of Oil and Gold Price on Stock Market: With Reference to Indian Stock Market BSE Sensex and MSCI World Index
    (Asian Journal of Research in Business Economics and Management, 2020-04) Sudhamathi R.K
    Stock market movements are driven by many economic factors and global scenario as well. It is often observed that stock markets respond to the changes in oil and gold prices. The recent past years has witnessed increased oil and gold prices. This in turn has created volatility in the stock markets. In this scenario it is quite imperative to study the dynamic linkages that are exist among these variables. Viewed in this perspective an attempt has been made in this study to understand the impact existing among oil, gold, and stock markets with reference to Indian stock market BSE Sensex and MSCI world index in short-run and in long-run. To understand the impact, the analysis has been done based on the data collected for the variables such as oil price, gold price, BSE Sensex and MSCI world index for the period from July 2014 to July 2019. To study the impact tools like Granger causality test, vector auto regression estimate and Johansen’s co-integration test has been used. The result of the study shows that there exist a short-run unidirectional relationship among global market index, gold price, sensex and oil. There also exist unidirectional relationship among sensex, oil and global market index. Co-integrating results reveal that there exist two co-integrating equation among the variables taken for the study.