{"title":"An Empirical Note on Delhi Weather Effects in the Indian Stock Market","authors":"Marxia Oli Sigo","doi":"10.35940/ijrte.c4727.118419","DOIUrl":null,"url":null,"abstract":"This research paper investigates the dynamic linkage, between three weather factors and two top stock Indices in India, namely, BSE SENSEX and NSE NIFTY. In order to study the weather factor on stock indices, daily weather data of Delhi and daily closing stock price of BSE SENSEX and NSE NIFTY, from January 1st 2001 to 31st December 2017, were collected and analyzed. The study found that the Delhi weather namely humidity influence BSE Sensex returns. The investing community may note the findings, for making intelligent investment decisions. The findings would be useful to investors, speculators and officials managing the Indian Securities Exchanges. This is the first empirical study testing the relationship between stock market returns and weather factors in the City of Delhi in India.","PeriodicalId":365642,"journal":{"name":"ERN: Behavioral Finance (Microeconomics) (Topic)","volume":"61 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Behavioral Finance (Microeconomics) (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.35940/ijrte.c4727.118419","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
Abstract
This research paper investigates the dynamic linkage, between three weather factors and two top stock Indices in India, namely, BSE SENSEX and NSE NIFTY. In order to study the weather factor on stock indices, daily weather data of Delhi and daily closing stock price of BSE SENSEX and NSE NIFTY, from January 1st 2001 to 31st December 2017, were collected and analyzed. The study found that the Delhi weather namely humidity influence BSE Sensex returns. The investing community may note the findings, for making intelligent investment decisions. The findings would be useful to investors, speculators and officials managing the Indian Securities Exchanges. This is the first empirical study testing the relationship between stock market returns and weather factors in the City of Delhi in India.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
