Asian Research Consortium

Asian Journal of Research in Business Economics and Management Vol. 3, No. 10, October 2013, pp. 205-216. ISSN 2249-7307

Asian Journal of Research in Business Economics and Management

www.aijsh.org

A Study of Impact of Macroeconomic Variables on Performance of Nifty

Saurabh Singh*; Dr. L. K Tripathi**; Arpan Parashar***
*Assistant Professor, Graduate School of Business, Devi Ahilya Vishwavidyalaya, Indore, India. **HOD, School of Commerce, Devi Ahilya Vishwavidyalaya, Indore, India. ***Assistant Professor, Rukmani Devi Panna Lal Laddha Maheshwari College, Devi Ahilya Vishwavidyalaya, Indore, India.

Abstract
The paper tries to examine the primary factors responsible for affecting National Stock Exchange (NSE) in India. Further this paper attempts to investigate the relative influence of the factors affecting NSE and thereby categorizing them. It is a well known fact that dollar price or money exchange rate, IIP numbers and WPI values has a great influence on Nifty therefore; this research identifies the level of influence of exchange rate, IIP numbers and WPI values on Nifty. For establishing the relationship Regression Analysis has been used by using SPSS. The results suggest that values of IIP, WPI and Exchange Rate significantly affect the performance of Nifty.

Keywords: Exchange Rate, IIP, Regression Analysis, Stock Exchange, WPI.

Singh et al. (2013). Asian Journal of Research in Business Economics and Management, Vol. 3, No. 10, pp. 205-216.

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17 US Dollar (USD) to Indian Rupee (INR) exchange rate history, viewed on January 20, 2013 http://www.oanda.com/currency/historical-rates/