文章基本信息

标题：Nexus between Returns in Commodity Market and Equity Market: A Case of Indian Steel Industry
其他标题：Nexus between Returns in Commodity Market and Equity Market: A Case of Indian Steel Industry
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作者：Memdani, Laila Amir ; Kandukuri, Prof. Rajya lakshmi
期刊名称：Acta Universitatis Danubius. Oeconomica
印刷版ISSN：2065-0175
电子版ISSN：2067-340X
出版年度：2014
卷号：10
期号：3
语种：English
出版社：Danubius University
摘要：There has been a rapid expansion in the commodities market in the recent past due to the sharp rise in appetite of institutional investors or financial institutions for commodities for asset management purpose. Commodities markets are demonstrating an ever-increasing volatility due to structural shifts in supply and demand sides leading to wide price swings. This volatility is puzzling researchers, academicians, and portfolio Managers who try to understand the volatility to design transmission mechanisms. The article attempts to examine the relationship between the steel price in commodity market and equity share price of steel industries. The article also attempts to examine association between CNX metal index with spot market steel price, spot market commodity metal index and Nifty index. The method used is primarily regression analysis. It has been found that the variables individually are having comparatively lesser impact on CNXMIR but jointly they are explaining 73% of total variation.
关键词：Commodity market returns; Spot market returns; nifty returns