International Journals

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Author: search.filters.author.P. B., Saranya

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    An Analysis on the Impact of Demonetization on Sector Indices of the Bombay Stock Exchange
    (International Journal of Management and Humanities (IJMH), 2017-04) P. B., Saranya; S., Poornima
    On November 8th, 2016, Government of India announced its decision to discontinue the legal tender status of Rs 500 and Rs 1000 notes. The primary objectives to discontinue were eliminating fake currency notes, inflicting losses out of black money and disrupting terror activities. Later, it tacked on: turning India into a less cash economy and enabling growth in bank credit. The barometers of Indian stock markets BSE SENSEX and NIFTY dropped down by 300 and 90 points respectively the next day of the announcement. The Nifty Realty and BSE Realty index gapped down after the day of the demonetization by 11% & 8% respectively. The Nifty Bank and BSE Bankex Index dropped by 5.3% and 5 % respectively. This paper attempts to measure the impact of demonetization on several stock sectors. Among the 19 sector indices of the Bombay Stock Exchange, 14 were selected for analysis. The study reveals that the sector returns and volatility prior and post demonetization do not have high fluctuations. Though some of the indices dropped the next day, they recovered
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    A Study on the Exchange Rate Dynamics and Its Impact on Stock Market Volatility with reference to Nifty
    (Asian Journal of Research in Social Sciences and Humanities, 2019-04) P. B., Saranya; R. K, Sudhamathi
    The stock market indices are perceived to be the barometers of the country’s capital markets and they are also used as a tool to understand the market movements. The volatility in the stock markets depends upon several factors such as new information arrival, macro-economic variables, global financial indicators, etc. The exchange rate fluctuations influences the stock markets. Understanding and predicting the exchange rate fluctuations helps us in predicting the movements of the stock markets and assist investors to make wise investment decisions. The study examines the exchange rate dynamics of Indian Rupees against US Dollars and its impact on the stock market index. The exchange rates and the Nifty 50 index values over period of 3 year ranging from October 2015 to September 2018 has been analysed. The INR against USD breached above Rs. 70 per USD in August, 2018 and currently at Rs. 72 per USD. The exchange rates of other countries also depreciated against USD. The study also examines the exchange rate dynamics of CNY, JPY and INR against USD since April, 2018.
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    A Study on the Relationship between the Volatility Index and the Equity
    (Asian Journal of Research in Banking and Finance, 2018-11) P. B., Saranya; R. K., Sudhamathi
    The study examines the asymmetric and inter temporal relationship between India Volatility Index and select equity index returns. The empirical evidences in the study reveals that there prevails an asymmetric relationship among India VIX and select equity index and at the same time the magnitude of asymmetry is not identical. The study also reveals that the current values of change in volatility and stock returns are negatively correlated, and past and current stock returns are positively associated with the future stock market volatility.
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    On the Asymmetric relationship between India VIX and select Equity Index Returns
    (Asian Journal of Research in Business Economics and Management, 2018-11) P. B., Saranya; R. K., Sudhamathi
    The study examines the asymmetric and inter temporal relationship between India Volatility Index and select equity index returns. The empirical evidences in the study reveals that there prevails an asymmetric relationship among India VIX and select equity index and at the same time the magnitude of asymmetry is not identical. The study also reveals that the current values of change in volatility and stock returns are negatively correlated, and past and current stock returns are positively associated with the future stock market volatility.