*Assistant Professor (Selection Grade), P.G & Research Department of Commerce, Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous-Term II) NAAC Re-accredited “A” Grade (Centre with Potential for Excellence by UGC Phase-II) (Affiliated to Pondicherry Central University) Puducherry, India
**Doctoral Research Scholar, P.G & Research Department of Commerce, Kanchi Mamunivar Centre for Post Graduate Studies (Autonomous-Term II) NAAC Re-accredited “A” Grade (Centre with Potential for Excellence by UGC Phase-II) (Affiliated to Pondicherry Central University) Puducherry, India
This research paper is to assess the relationship between stock market indices and macro economic variables: Co-Integration Evidence from Brazilian Stock. The period of study has been concentrated for 10 years data i.e. from the year 2006 to 2016. This study is based on secondary data. Three independent variables viz. Interest Rate (IR), Oil Price (OP), Exchange Rate (ER), one dependent variable i.e. Stock Return (SR) have been examined using (Eviews) software. Descriptive statistics, Regression analysis, Correlation analysis, ARCH Model and Unit Root Test have been used for analysis. The findings of the study reveal that there is a significant effect of macroeconomic variables (IR, OP and ER) Stock Return SR selected from as Brazilian Stock Exchange for the aforementioned study period.
Exchange Rate, GDP, Interest Rate, Macroeconomic, Oil Price, Unemployment rate
