South Asian Journal of Marketing & Management Research
  • Year: 2015
  • Volume: 5
  • Issue: 7

A research on correlation between MCX AND SENSEX

  • Author:
  • P. Radha
  • Total Page Count: 19
  • Page Number: 31 to 49

Assistant Professor, Emeralds Advanced Institute Management Studies, Tiruapti, India

Online published on 24 November, 2015.

Abstract

This paper deals with the analyzing the correlation coefficient between commodities market index (MCX) and stock market index (SENSEX). In the present study, every day closing values of MCX and SENSEX are taken for one year i.e. 1st June 2014 to 31st May 2015. The present study deals with how MCX is having effect on SENSEX. The tool used for this analysis is correlation coefficient. This study concludes that, there is a negative correlation between commodities market and stock market i.e. as MCX increases, SENSEX will affect adversely and as MCX decreases, SENSEX will increase.