An Empirical Note on Delhi Weather Effects in the Indian Stock Market

International Journal of Recent Technology and Engineering, 2019

6 Pages Posted: 14 Sep 2020

See all articles by Marxia Oli Sigo

Marxia Oli Sigo

National Institute of Technology Sikkim

Date Written: November 2019

Abstract

This research paper investigates the dynamic linkage, between three weather factors and two top stock Indices in India, namely, BSE SENSEX and NSE NIFTY. In order to study the weather factor on stock indices, daily weather data of Delhi and daily closing stock price of BSE SENSEX and NSE NIFTY, from January 1st 2001 to 31st December 2017, were collected and analyzed. The study found that the Delhi weather namely humidity influence BSE Sensex returns. The investing community may note the findings, for making intelligent investment decisions. The findings would be useful to investors, speculators and officials managing the Indian Securities Exchanges. This is the first empirical study testing the relationship between stock market returns and weather factors in the City of Delhi in India.

Suggested Citation

Sigo, Marxia Oli, An Empirical Note on Delhi Weather Effects in the Indian Stock Market (November 2019). International Journal of Recent Technology and Engineering, 2019, Available at SSRN: https://ssrn.com/abstract=3665342

Marxia Oli Sigo (Contact Author)

National Institute of Technology Sikkim ( email )

Sikkim
India

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