Indian Stock Market And Emerging Asian Stock Market - A Relative Study

A Comparative Analysis between India, China and Japan Stock Market

Regular price
Sale price
Regular price
Sold out
Unit price
Shipping calculated at checkout.


This book has basically investigated the relationship between India (BSE-SENSEX-30), China (SSE-50-Shanghai Composite Index) and Japan (NIKKEI-225 index) stock market. The main objectives of the research work are the long-term relationship between BSE-SENSEX India and Shanghai Composite Index- China and to analyze the direction of causality between BSE-SENSEX (INDIA), Shanghai Composite Index (CHINA) and NIKKEI-225 Index (JAPAN). Results showed that Indian stock market was higher than Chinese stock markets under study, which specified that the investors were benefited much from Indian stock market in terms of daily return, Indian stock market was positively associated with Chinese stock market and there was no long-run association between two stock markets. In direction of causality among Indian stock market, Chinese stock and Japanese stock market, three stock markets associated positively. Causality test results demonstrated that there existed a unidirectional causality between (i) Indian stock market and Japanese stock market and (ii) Chinese stock market and Japanese stock market but there was no causal direction between Indian stock market and Chinese stock market.


Somnath Mukhuti


Somnath Mukhuti, M.COM., M.PHIL. M.B.A.(Finance), is a lecturer of Commerce, Azad Hind Fouz Smriti Mahavidyalaya and formally lecturer of Commerce, Kalyani Mahavidyalaya, West Bengal, India. Mr. Mukhuti has over 5 years of teaching experience of Accounting & Finance field. He has published more than 16 articles in International Referred Journals.

Number of Pages:


Book language:


Published On:




Publishing House:

LAP LAMBERT Academic Publishing


stock market, Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Shanghai Stock Exchange (SSE), Tokyo Stock Exchange-NIKKEI-225, Correlation Statistics, Regression Statistics, Unit Root Test, Johansen Cointegration Test, Granger causality test

Product category: