1UGC-MANF-Doctoral Research Scholar, Alagappa Institute of Management, Alagappa University, Karaikudi
2Professor and Dean-CDC, Alagappa Institute of Management, Alagappa University, Karaikudi
JEL classification: G11, G15, E31, E44. Q02 1
In every human being has a requirement the income/return for surviving the day-to-life in a smooth way. Many people are investing the money to bank in previous years, but still not much use because very low interest can able to giveby the banking sectors. It is not sufficient return so automatically diverted to the real-estate than followed by share market. The people are finally deciding the share market with much better than the real estate. Hence, people are interested to invest the money in the online market of share, bonds and so on. Those who are investing the money in online market is called as an investor. The investors are getting more boon in his life, such as online trading commodity market of agri and non-agri commodities. The Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX) and National Multi Commodity Market Exchange (NMCE) and so on. But MCX and NCDEX are majorly traded both agricultural and non-agricultural commodities. In addition to that this research paper concentrates only MCX because non-agricultural commodity traded more than the NCDEX. The selected macroeconomic factors are highly influenced on the selected non-agricultural commodities with provided by the adopted statistical tools like descriptive analysis, two methods of unit root test such as Augmented Dicky Fuller (ADF) test and Phillips-Perron test (PP) test is applied.
Commodity Market, Non-Agricultural Commodity, Macroeconomic Variables, Multi-Commodity Exchange