Exploratory Study and Analysis of Bank Index with Other Sectoral Indices of NSE

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Dr.M. Pushpalatha, Narmadha N, Nithish Sam Dev V,Praveen K.S, Ajay Sankar J

Abstract

Financial exchange is one of the most adaptable divisions in money related framework, Stock Market assumes a significant job in financial advancement. Securities exchange is a focus where offers are given to the speculators to buy and sell their Shares, Bonds and Debentures. Stock Market is a stage for exchanging different protections and subsidiaries with no obstructions.


This article is an endeavor to quantify the instability of the Nifty Bank and Other Sectoral Indices of NSE which are considered volatile. The key job in estimating the hazard return tradeoffs, such huge numbers of variables that make the securities exchange unstable, one is interested to know the instability of the securities exchange in India is in which is unpredictable because of the various divisions in India, in this case Nifty Bank and other sectoral indices assessing instability empowers the valuing of stocks furthermore, understanding the unpredictability helps to take a good decision on the part of investors.


Assessing unpredictability empowers the valuing of protections and, understanding securities exchange instability or individual stock value unpredictability empowers great choices with respect to financial specialists. Financial specialists who are disinclined would not be glad to put resources into an exceptionally fluctuating stock, while those with a hunger for danger would joyfully put resources into a profoundly unstable market. Putting resources into equity showcase is constantly a difficult procedure and it requires some measure of insight and data base.


Financial exchange Indices are going about as or indicator to gauge the exhibition of offers from different divisions. Every sectoral index is showing the behavioral pattern of stocks of the same sector and the behavioral pattern of one sector may likely impact on other sectors too. Normally performance of Nifty Bank will influence the performance of Other Sectoral Indices. Hence, an attempt is made in this study to know the nature and extent of influence by Nifty Bank with Other Sectoral Indices during the Period.Pearsonian correlation coefficient technique is applied to find the nature and extent of influence by


Nifty Bank and Other Sectoral Indices, it was found that there is a positive correlation between Nifty Bank and most of the Other sectoral indices

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