Munich Personal RePEc Archive

Does oil price matter for Indian stock markets?

Chittedi, Krishnareddy (2011): Does oil price matter for Indian stock markets?

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Abstract

This paper investigates the long run relationship between oil prices and stock prices for India over the period April 2000- June 2011. We employ Auto Regressive Distributed Lag (ARDL) Model that takes into consideration the long run relationship. The results obtained suggest that volatility of stock prices in India have a significant impact on the volatility of oil prices. But a change in the oil prices does not have impact on stock prices.

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