I. J. of Business & Management Research
Research Article
Comparative Study of Moving Trend of Sensex and Nifty in Indian Stock Market
Author(s) : ARTI PATHANIA* and DR. RAVIKANT SWAMI
Publisher : FOREX Publication
Published : 30 March 2016
e-ISSN :2347-4696
Page(s) : 21-24
Abstract
The stock market is an important part of the economy of a country .The stock market value or index value of a country is calculated by the generally accepted mathematical formula using on some selected prices of stocks listed and traded specific stock exchange. Both Sensex and Nifty makes the market so volatile and it affects the prices of stocks. The Sensex and Nifty moves up and down their moving trend mostly on the same direction. The moving trend of Sensex and Nifty affects the traders of both BSE and NSE. The objective of this research paper is to measure the nature of correlation of Sensex and Nifty. This research paper is an attempt to consider the moving trend of Sensex and Nifty are correlated or not. The chart 1 and chart 2 shows movements of Sensex and Nifty in India stock market during a period from 17 September 2007 to 2 January 2015. In this study monthly average data of Sensex and nifty were analyzed with the help of Karl Pearson correlation method. The results were analyzed with the help of Karl Pearson correlation coefficient method. It was identified that there exists high degree of positive correlation between moving the trend of Sensex and Nifty in Indian stock market.
Keywords: Indian stock market, Nifty, Sensex, Pearson correlation
ARTI PATHANIA*, Research Scholar, Dept. of management, Arni University, Kathgarh (indora) H.P India; Email: artipathania444@gmail.com
DR. RAVIKANT SWAMI, Professor, Dept. of management Arni University, Kathgarh (Indora) H.P India; Email: ravikantswami@gmail.com
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ARTI PATHANIA and DR. RAVIKANT SWAMI (2016), Comparative Study of Moving Trend of Sensex and Nifty in Indian Stock Market. IJBMR 4(1), 21-24. DOI: 10.37391/IJBMR.040103.