The Impact of the Developed World on the Indian Industrial Portfolios' Return: Empirical Evidence

Garg, Ashish; Chauhan, Ajay
January 2012
IUP Journal of Applied Finance;Jan2012, Vol. 18 Issue 1, p35
Academic Journal
The paper examines the impact of the developed world market on the Indian industrial portfolios' return by taking returns of Dow Jones Index and Morgan Stanley Composite Index (MSCI) as representatives of the developed world markets' returns, and returns of various sectoral indices, constructed by Bombay Stock Exchange (BSE), as representatives of the Indian industrial portfolios' return. For the purpose, a set of parametrical and econometric tests are employed on daily data, from January 2000 to December 2009. The findings show that auto, metal, banking, healthcare, technology and real estate are the most affected sectors by the US market and developed world markets. The study also reveals that the Indian markets also influence the developed world markets.


Related Articles

  • What fund fees really cost you. Napach, Bernice // Medical Economics;01/11/99, Vol. 76 Issue 1, p25 

    States that funds with lower administrative and portfolio management costs deliver larger returns than funds with higher costs, calculated based on an initial investment of $10,000 in an Standard & Poor's 500 Stock Index fund 15 years ago. Magnification of the importance of fees if the bulk of...

  • Index teaches investors about managing their portfolios. Jaffe, Charles A. // New Orleans CityBusiness (1994 to 2008);06/28/99, Vol. 19 Issue 52, p23 

    Discusses how investors use stock indexes to manage their fund portfolios. Tax event associated with index changes; Likely buyers of shares dumped by small-cap managers.

  • Equity managers beat index.  // Pensions & Investments;7/26/1993, Vol. 21 Issue 15, p16 

    Reports on the performance of equity portfolio managers during the quarter and year that ended June 30, 1993. Benchmark Standard and Poor's 500 Stock Index; Equity managers in the INDATA universe.

  • Benchmarks trade in fine fettle in early deals.  // Ace Analyser: Company News;5/7/2019, pN.PAG 

    The BSE Mid cap index gained 0.38%, while Small cap index up by 0.32%

  • Sharia Index.  // Money Today;Feb2011, p9 

    This article reports on the launch of an equity index of companies that comply with Sharia by the Bombay Stock Exchange (BSE) and Taqwaa Advisory and Shariah Investment Solutions.

  • First steps in reforming your pension. Krishnamurthy, Narayan; Kapoor, Priya; Varma, Tanvi; Choudhury, Sushmita; Rai, Rakesh // Money Today;8/21/2008, p1 

    The article presents tips for pension reforms in India. The possible impacts of the decision of the government to allow three private fund managers to compete with the State Bank of India (SBI) in handling the funds of the Employees' Provident Fund Organization (EPFO) are cited. It offers...

  • Blue chip S&P 500 has been hot, but diversification is better long-term strategy. Thompson, William // Business Journal Serving Fresno & the Central San Joaquin Valley;12/28/98, Issue 322400, p6 

    Focuses on the growth prospects for blue chip company stocks in the United States. Standard & Poor's 500 index growth that has outdistanced other stock market benchmarks; Benefits of a diversified portfolio; Combinations of growth and risk than the Standard & Poor's 500 during 20 years ending 1994.

  • MARKET COMMENTARY.  // Dow Theory Forecasts;1/20/2003, Vol. 59 Issue 3, p3 

    Recommends the percentage of cash position in equity portfolios for 2003. Outlook for various stock price indicators; Importance of corporate earnings reports for the December 2002 quarter; Investors' realization that security analysts tend to be optimistic with company forecasts.

  • SHOULD I INVEST OVERSEAS? Feldman, Amy // Money;Sep2002, Vol. 31 Issue 9, p102 

    Discusses foreign investments and returns on international investments. Mention of the Morgan Stanley EAFE index; Idea that by diversifying a portfolio to include foreign stocks, risk will decrease; Lack of a close correlation between foreign and U.S. markets.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics