TAILIEUCHUNG - Determinants of foreign portfolio investment and their effects on the Indian stock market

This article aims at focusing on the facts in the financial series of Foreign Portfolio Investment (FPI) and its determinants. The study considers Exchange Rate, Consumer Price Index, Index of Industrial production, SENSEX, NIFTY and Foreign Exchange Reserve as determinants. | Determinants of foreign portfolio investment and their effects on the Indian stock market International Journal of Management IJM Volume 8 Issue 3 May June 2017 115 Article ID IJM_08_03_011 Available online at http ijm JType IJM amp VType 8 amp IType 3 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication DETERMINANTS OF FOREIGN PORTFOLIO INVESTMENT AND THEIR EFFECTS ON THE INDIAN STOCK MARKET S. Raghavan Ph. D Research Scholar in Commerce Alagappa University Karaikudi India Dr. M. Selvam Research Guide International Business Alagappa University Karaikudi India ABSTRACT This article aims at focusing on the facts in the financial series of Foreign Portfolio Investment FPI and its determinants. The study considers Exchange Rate Consumer Price Index Index of Industrial production SENSEX NIFTY and Foreign Exchange Reserve as determinants. The FPI regime commenced on June 01 2014 to harmonize different routes for foreign portfolio investments . Foreign Institutional Investors FIIs Sub Accounts and Qualified Foreign Investors uniform entry norms adoption of risk based know your customer KYC norms etc. The monthly Data of variables were collected from the websites addressing https indices s-p-cnx-nifty-historical-data SEBI and for the period from Jun 2014 to Dec 2016. The effect of Foreign Portfolio Investment FPI is analysed with its determinants for Correlation Co-integration and Casual relationships for the period after the introduction of the FPI Regime. The first order differences of the variables were tested. The Co-Integration test gives the existence of one Co- integrating variable vector in the equations. The Equation at none shows the p-value of in both trace and Lmax test and confirming one co-Integrating vector and there is a long- run relationship among variables and hence the

• Đầu tư Chứng khoán
• Foreign Portfolio Investment
• Consumer Price Index
• Index of Industrial production
• Foreign Exchange Reserve
• Adoption of risk
• Emerging stock market
• Herding behavior
• Vietnam stock market
• Liquid stocks
• Notarisation
• Real estate
• Transaction of property
• ownership and transfer
• portfolio property
• Tenancy agreements
• International money
• Foreign exchange risk
• Financial management
• The multinational firm
• International portfolio investment
• International lending
• The monetary approach
• Investment environment
• Lecture Investments
• Active portfolio management
• Capital markets
• Foreign exchange futures
• International diversification
• BMC Cancer
• Active surveillance
• Prostate cancer
• Low risk disease
• Low risk prostate cancer
• Fuzzy logic
• MMG model
• Collision risk
• Expert system
• Fuzzy assessment system
• Science and technology
• Change proneness
• Risk orientation
• Scientific temper
• Sanitation technologies among rural women