Publication

Abstract : The stock market is referred as the barometer of Indian economy; it is the indicator of the country's economic condition.Many studies have established the relationship between Indian stock returns and macro economic variables such as goldprice, oil price, exchange rate, etc. This study investigates the relationship between the Indian stock returns and the Macroeconomic variables viz interest rate of India, interest rate of USA, inflation rate of India, inflation rate of USA, GDP growthrate of India and GDP growth rate of USA. Quarterly data was collected for a period from January, 2000 to December, 2015for all the macro economic variables. Regression Model was used to analyze the data, the variables were tested forstationarity, serial correlation, heteroscedasticity and normality. The study found that the GDP growth rate of India and USAare the significant predictors of SP CNX Nifty return