A Study on “The Impact of Industrial Production on Stock Indices"

Abstract
This paper studies the effect of a macroeconomic variable, the Index of Industrial Production on the BSE stock Index movement in India. Time series data (every month) for five years is used for conducting the empirical analysis. The data was first treated for the Stationarity test using ADF, followed by Multiple regression analysis to test the hypothesis. The results of the analysis reveal that there is a significant relation between the regressor (IIP) and the regressand (stock prices), thus accepting the Alternative Hypothesis.
Keywords: Knowledge Management, Micro Small, and Medium Enterprises Infrastructure dimension.