Dynamic Interaction Between Nifty 50 and Nifty Sectoral Indices: An Empirical Study on Indian Stock Indices
Abstract: This study aims to determine the cointegrating and causal relationship between Nifty 50 and Nifty sectoral indices. Historical index data of the select indices were collected from the National Stock Exchange (NSE) database for the period Jan 2014 – Dec 2018. Appropriate Econometric tools – Augmented Dickey-Fuller (ADF) test, Phillips and Perron (PP) test, Read More …