Nexus between Foreign Institutional Investors and NSE during Covid-Reference-Cited by-同舟云学术

Nexus between Foreign Institutional Investors and NSE during Covid

Published:2022 Issue:2 Volume:9 Page:60-71
ISSN:2347-4467
Container-title:MUDRA: Journal of Finance and Accounting
language:
Short-container-title:MJFA

Author:

Jain Abhimanyu,Goel Himanshu,Jain Sakshi,Sharma Yukta

Abstract

This paper aims to analyze the relation between FII and Nifty50. An empirical investigation has been conducted to determine the cointegration and causality between FII and Nifty50 using Johansen’s cointegration and Granger causality techniques. Monthly data points spanning the year 2021 have been used for empirical investigation. Empirical results of the cointegration technique reveal no cointegrating equations between the FII and Nifty50. The results of Granger causality reveals that there is no significant relationship between FII and Nifty50. The results of this paper can be useful for retail investors, portfolio managers, and policymakers.

Publisher

Journal Press India

Subject

General Medicine

Reference23 articles.

1. Aggarwal, T. & Solomon, P. (2017). Trends and patterns of FDI and FII in India-implications for the future. Global Journal of Management and Business Research, 17(2), 1-6.

2. Ahmad, K. M., Ashraf, S., & Ahmed, S. (2005). Foreign institutional investment flows and equity returns in India. The ICFAI Journal of Applied Finance, 11, 16-30.

3. Ahmad, K. M., Ashraf, S., & Ahmed, S. (2005). Foreign institutional investment flows and equity returns in India. The ICFAI Journal of Applied Finance, 11, 16-30.

4. Anubha, S. (2013). A study of influence of FII flows on Indian Stock Market. Gyanpratha-Accman Journal of Management, 5(1).

5. Arora, J., & Kumar, S. (2015). Impact of foreign institutional investors on Indian capital market. Pacific Business Review International, 8(6), 17-23.