Co-Movements of the Indian Stock Market with Select Developed Markets

Abstract

The study is carried out to test the co movements o f Indian stock market with select m ajor developed markets over the globe. Various techniques like the Unit Root test. Cointegration test, Causality test, Vector Auto Regression, Impulse Responses. Variance Decomposition and Vector Error Correction are conducted on the sample. India has been influenced by and is influencing m ost o f the countries selected fo r the study. This proves the impact o f cointegration among the global markets