RT Journal Article
SR Electronic
T1 Foreign Institutional Investment And The Indian Stock Market
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 101
OP 112
DO 10.3905/jwm.2015.17.4.101
VO 17
IS 4
A1 Vivek Bhargava
A1 D.K. Malhotra
YR 2015
UL https://pm-research.com/content/17/4/101.abstract
AB This article analyzes the impact of foreign institutional investment (FII) on the Indian stock market. The authors find that FII positively impacts the Indian stock market returns and the Bombay stock exchange turnover value. Further, the authors, find that FII “Granger causes” the stock market value and the turnover value to increase. The study employs GARCH and GJR-GARCH analyses in detail and concludes that, in spite of those influences, there is no evidence of volatility spillover from FII to the Indian stock markets.TOPICS: Security analysis and valuation, emerging, statistical methods, performance measurement