Splint International Journal Of Professionals
  • Year: 2020
  • Volume: 7
  • Issue: 4

Causatum of union budget announcement by using Garch Model: An evidence from NSE

  • Author:
  • S.V Sukthankar1,, Namrata D Bhandari2, Sadashiv Nene3
  • Total Page Count: 8
  • Page Number: 157 to 164

1Associate Professor in Commerce, Government College of Arts, Science & Commerce, Khandola-Marcela

2Associate Professor in Commerce, Government College of Arts, Science & Commerce, Khandola-Marcela

3Student, Government College of Arts, Science & Commerce, Khandola-Marcela

*Corresponding Author: e-mail: svsukh@yahoo.co.in

Online published on 20 March, 2021.

Abstract

The purpose of the research was to analyze the impact of union budget announcements on NIFTY 50 Index between the financial year 1. 4. 2014 to 8. 2. 2019. The secondary data required for the study is collected from the official website of NSE. Analysis of the data is done by using Generalized Autoregressive Conditional Heteroskedasticity (GARCH) regression model. The study shows that there is no bearish trend in day, pre as well as post period of union budget announcement on NIFTY 50 index returns which indicates that the Stock Market is not affected by the announcement on Union Budget.

Keywords

Budget Announcement, Impact, National Stock Exchange (NSE), NIFTY 50 Index, Stock Market, Generalized Autoregressive Conditional Heteroskedasticity (GARCH) Model