Does Foreign Institutional Investors and Domestic Institutional Investors Co-integrate National Stock Exchange?

Authors

  • Prateek Kumar Bansal
  • Om Prakash Agrawal

Abstract

Institutional investors are bone of stock market due to their money power. Institutional investors can be divided into foreign institutional investors (FIIs) and domestic institutional investors (DIIs). They are the movers and shaker of market. Investors always tends to make money by investment which is riskier venture. Emerging market like Indian stock market offers high return and became one of the favorite market in world. This research aims to study trend and pattern of FIIs & DIIs.  To check the causality between FIIs, DIIs and stocks of National Stock Exchange (NSE), time series data has been collected for the period of twelve years from 1st April 2007 to 31st march 2019 and statistical tools have been applied with the help of Eviews 9.0. This study indicates that there is strong relationship between FIIs, DIIs and stock of NSE.

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Published

2020-02-17

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Section

Articles