Professional Documents
Culture Documents
CEO : Magesh
Founded : 2012
Guide : Ragul R
No of employees : 25
Branch : Chennai
REFERENCES
• Sibanjan Mishra “ Technical Analysis and Risk Premium in Indian
Equity Market: A Multiple Regression Analysis “
In this paper, the purpose is to study the empirical relationship between Oil
Price Shocks and Stock Market Index movement and their asymmetric
responses to oil price shocks. The Indian stock market index was
represented by Sensex, and daily closing prices of Sensex and crude oil
prices for a ten-year period between 2006 and 2015 wereanalyzed using
dynamic linear regression or ARIMAX. The study indicated that there is no
significant evidence of correlation between oil price shocks
and stock market index movement; however, stock market index movement
is auto-correlated with its two lags. The findings of this paper also show
statistically significant asymmetric responses of stock market index
movement to oil price shocks. Stock market index movement was
negatively correlated with positive oil price shocks, and positively
correlated with negative oil price shocks. Subsequently, the equations of the
models are used to forecast the stock market index movement. This study
uniquely enhances the understanding of bivariate relationships.
Misra, Pooja, 2018 “An Investigation of the Macroeconomic
Factors Affecting the Indian Stock Market “
The economic growth of India has positioned it as one of the rapidly growing
economies the world over and it is expected to be one of the top three economies
globally over the next decade. Contrary to a slowdown in the earnings
of Indian corporates due to excess existing capacity and the inability of banks to
lend, the stock market ie Bombay Stock Exchange has performed well. The
objective of the present research is to investigate the link that exists, if any, between
BSE Sensex and macroeconomic variables such as Index of Industrial Production
(IIP), inflation, the rate of interest, the price of gold, rate of exchange, FII and
supply of money for the period April 1999-March 2017. The study also seeks to
determine the strength of the link between the independent parameters and the
dependent parameter ie BSE Sensex in the short run and long run based on the test
of Johansen Cointegration, Granger Causality, and the Vector Error Correction
mechanism. The analysis through the Vector Error Correction Model (VECM)
confirms that there exists a long-run causality between the macroeconomic
variables of Index of Industrial Production (IIP), inflation, interest rates, gold
prices, exchange rate, foreign institutional investment, money supply and BSE
Sensex. It establishes that there does exist a short run causality between Inflation
and BSE Sensex and Money Supply and BSE Sensex. The results importantly show
that BSE Sensex causes changes in the exchange rate and money supply, FII, gold
prices and IIP.
PROBLEM DEFINITION
The purpose of the project is to analyze the price movement of
stocks in the oil and gas sector and also to provide advisory
services to investors based o price movement prediction.
OBJECTIVES
PRIMARY OBJECTIVES
1. To analyse performance of companies which are in the oil and natural gas
sector .
2. To evaluate investment opportunities based on fundamental and technical
analysis.
3. To predict the price movement of the companies under the oil and naturl
gas sector for the next three months.
SCOPE
The study is limited to companies from oil and natural gas
sector and the data obtained from NSE & BSE websites. The
study is mainly based on past data and price prediction with
the help of financial statements and other fundamental and
technical factors.
METHODOLOGY
• Fundamental analysis
a. EIC factors.
b. Financial statements- ratios .
• Technical analysis
a. Charts -line and candle stick chart
b. Indicators- RSI, moving average, stochastic.
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