Analyzing Effect of Political Situations on Sensex-Nifty-Rupee—A Study Based on Election Results
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Stock market is considered as a key driver of modern market. Stock market is based on the economy; it is a major source of raising resources for Indian corporate. It is known that the stock market fluctuates time to time, day to day depending on socio-political factors. There exists a relationship between the stock market indices. When even the governments change from one political party to other political parties, the stock market changes. The stock market also changes depending on the changes that take place in the world. The two stock market indices of India are Sensex and Nifty. The value of rupee, gold and crude oil depends on the socio-political situations. The prediction of stock market is an important issue because it has a challenging characteristic. There exists a relationship between them. The relationship between two variables can be found by rank correlation, which is a statistical tool. There are many mathematical software to find it. In this paper it is attempted to find the correlation between the Sensex–nifty, Sensex–rupee and nifty–rupee. On a politically important day of India on 15th May 2018. On this day, the counting of general elections of the Karnataka assembly took place. It is found that there is strong relationship between Sensex and nifty.
KeywordsSensex Nifty Rupee Correlation Karnataka elections 2018
We thank the Economic Times of India and online newspaper for providing the information.
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