Impact of Macroeconomic Variables on Price Volatility with Special Reference to NSE Nifty Fifty Indices

Stock Exchange, NSE Nifty Indices, Macroeconomic Variables, Multiple Linear Regression and volatility.

Stock market and fluctuations in share prices are the great reflectors of economic conditions of a country. In India, two stock markets played role in showing economic progression of the country to the entire world. Normally stock prices are highly influenced by macroeconomic variables. In the study, national stock exchange’s major price index NSE nifty fifty has taken as dependent variable and five macroeconomic variables like imports, exports FDI, FIIs and crude oil have taken as independent variables. Five years data collected from 2017 to 2022 have taken from various website sources as secondary data. The statistical tools used for the study is mean, standard deviation, correlation and regression for the analysis of data. The results of the study also evidenced that, selected macroeconomic variables have significant impact on NSE nifty price volatility during the study period.