Abstract: Nowadays, financial well-being of a country is being measured by stock market indices. Broadly, the stock markets are a coalescence of exchanges and markets dealing with issuance and trading of securities. Such markets allow firms to procure long-term financesin exchange for a part of their profits to investors. Similarly, there are varied macroeconomic factors which connote a country's financial status and these two vital segments of India's economy might as well be related or impacted by each other's movements through time. This study's fundamental objective is to appraise the relationship linking select macroeconomic variables viz., call money rate, money supply (M3), exchange rate, gold.............
Keywords:BSE Sensex, macroeconomic variables, stock prices, OLS method, Granger Causality test
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