The study provides important implications for researchers, corporations, portfolio managers, investors, and government. On the contrary, first lag of crude price is found to be a possible predictor of the index in the short run. Additionally, crude price, index of industrial production and repo rates are statistically significant determinants of Nifty auto index. Results indicate that, exchange rate has a significant negative relationship with Nifty auto index in the long run. The study adopts Autoregressive Distributed Lag (ARDL) co-integration approach and performs suitable diagnostic tests. The aim of the paper is to investigate the association between selected macroeconomic variables like crude price, exchange rate, index of industrial production, inflation, interest rate, repo rate, gold price and the auto index of the National Stock Exchange (NSE) of India during a time when the automotive sector in India witnessed the sharpest dip in sales.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |