Volume : III, Issue : V, May - 2013

Trend Analysis of SENSEX and NASDAQ : An empirical study of Correlation between SENSEX and NASDAQ

Mr. E. M. Naresh Babu, Dr. M. Suresh Babu

Abstract :

We can consider the Indian Economy as one of the fastest growing economies in the world. Economy of any country is dependent on various internal and external factors. One of the major factors on which our Indian economy is dependent is the economy of The United States. SENSEX is considered as one of the economic barometers of India. To study the dependency of economic movement, the present study has been conducted by taking the movement of NASDAQ and SENSEX for the period of two years, 2007 and 2008. We have selected the period as US economy has suffered under Recession in the specified period. With the present analysis, we can conclude that the SENSEX movement is positively correlated with the movement of NASDAQ. The analytical tool used for the study is Karl Pearson Correlation–Coefficient.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mr. E. M. Naresh Babu, Dr. M. Suresh Babu Trend Analysis of SENSEX and NASDAQ : An empirical study of Correlation between SENSEX and NASDAQ Indian Journal of Applied Research, Vol.III, Issue.V May 2013

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