Does oil price matter for Indian stock markets?

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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Oil Prices; Stock prices; ARDL cointegration
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; G - Financial Economics > G1 - General Financial Markets > G10 - General

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