IJSTR

International Journal of Scientific & Technology Research

Home About Us Scope Editorial Board Blog/Latest News Contact Us
0.2
2019CiteScore
 
10th percentile
Powered by  Scopus
Scopus coverage:
Nov 2018 to May 2020

CALL FOR PAPERS
AUTHORS
DOWNLOADS
CONTACT

IJSTR >> Volume 9 - Issue 1, January 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Impact Of Large Cap Stocks On Movement Of Sectoral Index Of Nse

[Full Text]

 

AUTHOR(S)

Dr.G.Sankararaman, Dr.S.Suresh, Dr. TC. Thomas

 

KEYWORDS

Large Cap, Pharma stocks, Multiple Regression

 

ABSTRACT

Indian pharmaceutical industry have attracted a colossal amount of FDI in recent times. The pharma stocks prices have been rising in the markets ahead of the adverse stock market conditions. This has made the pharma stocks to be considered as a defensive stocks in securities market. The study has made an attempt to find out the impact of select pharma stocks on pharma index for a period of five years starting from 2014 to 2019. An analytical research method is adopted in this study. The five pharma stocks viz., Biocon, Divis Labs,Glenmark Pharma, Piramal Enterprises and Sun Pharma selected for this study based on the market capitalisation. The day-to-day closing prices of the above select pharma stocks have considered for this study. Multiple regression is applied to find out the impact of pharma stocks on pharma index. The results revealed that all the pharma stocks included in this study have significantly influenced the pharma index of NSE except Piramal Enterprises for the period 2015-16 and Divis Lab in 2017-18.

 

REFERENCES

[1] Gaurav Agrawal, Aniruddh Kumar Srivastav, Ankita Srivastava, A Study of Exchange Rates Movement and Stock Market Volatility, International Journal of Business and Management Vol. 5, No. 12; December 2010, Pp 62-73.
[2] GeertBekaert, MarieHoerova, “The VIX, the variance premium and stock market volatility” Journal of Econometrics, Volume 183, Issue 2, December 2014, Pages 181-192,https://doi.org/10.1016/j.jeconom.2014.05.00
[3] Jayashree. S. A: Comparative study of BSE and international stock exchanges with special reference to pharmaceutical industries, IRACST–International
[4] Jessica A. Wachter, Can Time‐Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?, The Journal of Finance, 30 January 2013, https://doi.org/10.1111/jofi.12018
[5] NikolaosVlastakis and RaphaeL N.Markellos, Information demand and stock market volatility, Journal of Banking & Finance, Volume 36, Issue 6, June 2012, Pages 1808-1821, https://doi.org/10.1016/j.jbankfin.2012.02.007
[6] Sankararaman G, Suresh S,Thomas TC, Impact of Economic Decisions on Behaviour of Bombay Stock Exchange in India, International Journal of Recent Technology and Engineering (IJRTE)ISSN: 2277-3878,Volume-7, Issue-6S5, April 2019
[7] Sankararaman G, Suresh S,Thomas TC, Vishnupriya, A Study on Volatility in Stock Market(NSE) based on Select Sectoral Indices during Union Budget Period of India., International Journal of Recent Technology and Engineering (IJRTE)
[8] Xavier Gabaix, Parameswaran Gopikrishnan, Vasiliki Plerou, H. Eugene Stanley, “Institutional Investors and Stock Market Volatility”The Quarterly Journal of Economics, Volume 121, Issue 2, May 2006, Pages 461–504, https://doi.org/10.1162/qjec.2006.121.2.461, 01 May 2006
[9] Dima Alberg,Haim Shalit &Rami Yosef, Estimating stock market volatility using asymmetric GARCH models, Applied Financial Economics , Volume 18, 2008 - Issue 15,Pp1201-1208 https://doi.org/10.1080/09603100701604225
[10] Krishna Reddy Chittedi, Volatility of Indian Stock Market and FIIs, The India Economy Review, Vol. 5, No. 31, December 2008