A STUDY ON COMPARATIVE ANALYSIS OF MARKET CAPITAL INDICES WITH REFERENCE TO MONARCH NETWORTH LIMITED, KOVILPATTI

Finance

The study entitled “A Study On Co-Movement Of Selected Indices With Reference To Bombay Stock Exchange In Angel Broking Limited, Kovilpatti” was conducted to identify the comovements and interlinkages of BSE market indices such as S&P BSE200, S&P BSE 250 LARGEMIDCAP, S&P BSE 400 MIDSMALLCAP, S&P BSE ALLCAP and S&P BSE SMALLCAP were considered. During the period from 1st January, 2016 to 31st December, 2020, the daily return data of the selected sample indices were taken for this study. In order to analysis the data, the statistical tools such as such as descriptive statistics, chart and correlation were used in this study to examine the comovement of sample indices during the study period. From the result of analysis, it is found that there was a co-movement between sample indices during the period of study. The results of correlation analysis recorded that the sample indices were recorded significant relationship with each other during the study period. It indicated that the increase in one index lead to increase in other indices when there was an occurrence of positive correlation. While there was a negative correlation, it exposed the opposite reaction among the indices. It is suggested that the investors of the stock market need to analysis the relationship exit between the indices in market. It is found from the study that there was an existence of relationship between the selected indices during the study period. Keywords: Comovements, Stock Market, Investment

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