NSE NIFTY and Its Correlation with Sectorial Indexes

International Journal of Conceptions on Management and Social Sciences, Vol. 2, Issue. 1, March’ 2014

11 Pages Posted: 2 Apr 2018 Last revised: 14 Apr 2021

See all articles by Nagendra Marisetty

Nagendra Marisetty

Reva Business School, Reva University

Date Written: March 22, 2018

Abstract

The NSE NIFTY Index tracks the behavior of a portfolio of blue chip companies, the largest and most liquid Indian securities. The Index is well studied for bench marking, index funds and index based derivatives. The persuading power of NSE Nifty is very high on other indices especially NSE sectorial indices. Performance of the economy influences industry sector returns differently and changes over time periods. Thus, changing pattern of correlations between sectors is vital for investment purpose. The present study approximates the correlations between NSE Nifty and Industry sectors in India.

Keywords: Index, NSE Nifty, Sectorial Indices and Correlation

JEL Classification: C20, C21, G10

Suggested Citation

Marisetty, Nagendra, NSE NIFTY and Its Correlation with Sectorial Indexes (March 22, 2018). International Journal of Conceptions on Management and Social Sciences, Vol. 2, Issue. 1, March’ 2014, Available at SSRN: https://ssrn.com/abstract=3146711 or http://dx.doi.org/10.2139/ssrn.3146711

Nagendra Marisetty (Contact Author)

Reva Business School, Reva University ( email )

Bangalore
India

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