Statistical Methods in Finance 2016

Dec 18 - 22, 2016


Abstract

Sectoral Indices in Indian Stock Market: a study of NSE (2004-2016)

by Gangineni Dhanaiah

This paper attempts to investigate the performance and volatility of a broad market Index, namely NIFTY50 and 6 other sectoral indices of NSE namely NIFTYBANK,NIFTYMETAL,NIFTYAUTO,NIFTYPHARMA,NIFTYIT,NIFTYFMCG. Our study covers recent time period from April 1, 2004 to 31st March, 2016.Daily Closing Index values were taken for all the Indices from Bloomberg Database. These Indices are Total Return Index (TRI) values. Various statistical tools like descriptive statistics, Box-plots, Histograms,Q-Q Plots, Normality tests are utilized to analyze data and evaluate findings to arrive at conclusions regarding NIFTY50 and selected sectoral indices at NSE.