Skip to content
Research Article Open access CC BY 4.0

Dynamic Interdependence: Analysing BSE SENSEX and its Relationship with Global Stock Indices from 2018 to 2022

Prashanth Kumar G., Nagendra Marisetty

Journal of Economics, Management and Trade · pp. 202–214 · Published 9 Oct 2023

10.9734/jemt/2023/v29i101155

Abstract

This comprehensive analysis delves into the intricate relationship between the Bombay Stock Exchange SENSEX (BSE SENSEX), India's leading stock market index, and popular international stock indices during three distinct research periods from 2018 to 2022. The study employs a combination of correlation analyses and multiple regression models to explore how SENSEX interacts with global counterparts, shedding light on the evolving dynamics of the Indian stock market. The five-year research period from 2018 to 2022 reveals that SENSEX displays a robust positive correlation with various international indices, including Nikkei 225, DAX, CAC40, S&P500, NASDAQ100, and DOW JONES. This suggests a substantial degree of co-movement with global markets, emphasizing the influence of external economic and financial factors on India's stock market. A multiple regression analysis further substantiates these relationships by indicating that international indices collectively have a significant impact on SENSEX's variations during this period.

BSE SENSEX correlation co-movement international indices regression

Cited by 3

Article metrics

Real usage data collected on this platform.

5

Page views

0

PDF downloads

0

Outbound clicks

3

Citations

Views over time

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

Traffic sources

Referring site, by host.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.