| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 10 |
NO. 2 |
PAPER 6 |
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A STUDY ON CO - MOVEMENT RELATIONSHIP BETWEEN INDIA, CHINA AND US STOCK MARKETS IN THE POST REFORM ERA
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| R. Kanakarajammal * S. Paulraj** and M.V. Arulalan***
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| * Lecturer in Commerce, Dr. Dharmambal Government Polytechnic College for Women, Chennai, India |
| ** Associate Professor of Mathematics, College of Engineering, Guindy Campus, Anna University, Chennai |
| *** Associate Professor, Department of Commerce, Guru Nanak College, Chennai |
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| Indian Capital Market has undergone tremendous changes since 1991 when the Government adopted liberalization and globalization policies. With the establishment of SEBI and technological advancement, the Indian Stock Market has now reached the global standard. The major indicators of stock market development show that significant development has taken place in the Indian stock market during the post reform period. This paper endeavors to empirically investigate the co movement relationship between markets of US, China and India in the post reform era. The study found that Indian stock market was not co integrated with the China and US stock markets as yet and also found that Indian stock influenced the china stock market but China stock market did not influence the Indian stock market. |
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