An analytical study on effect of FIIs & DIIs on Indian stock market

Journal of Transnational Management Pub Date : 2019-04-03 DOI:10.1080/15475778.2019.1601485

Ruchika Gahlot

引用次数: 5

Abstract

Abstract Purpose: The purpose of this research is to examine the effect of FIIs and DIIs activities on volatility of Indian stock market. This study also examined the causal relationship between FIIs and DIIs. Design/Methodology/Approach: This study uses Nifty, Nifty Next 50, BSE Sensex, and BSE 100 to represent Indian stock market. Ganger Causality test is used to see causal relationship between FIIs and DIIs. TGARCH model is used to check volatility of Indian stock market. Practical implication: This will also help investors to make investment decisions, especially investing in these indices as they will be able to forecast effect of recent news and historical volatility of returns. Originality/value: This paper will be useful to investors investing in these four major indices.

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FII和DII对印度股市影响的分析研究

摘要目的:本研究的目的是考察境外机构投资机构和境外机构投资机构的活动对印度股市波动的影响。本研究还考察了境外投资机构与境外投资机构之间的因果关系。设计/方法/方法:本研究使用Nifty, Nifty Next 50, BSE Sensex和BSE 100来代表印度股市。采用甘格因果检验来检验境外投资机构与境外投资机构之间的因果关系。采用TGARCH模型对印度股市的波动率进行检验。实际意义:这也将有助于投资者做出投资决策，特别是投资这些指数，因为它们将能够预测近期新闻的影响和历史波动的回报。原创性/价值:本文将对投资这四个主要指数的投资者有所帮助。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Transnational Management Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.