Kathiravan, Chinnadurai, Selvam, Murugesan, Venkateswar, Sankaran, Lingaraja, Kasilingam, Vasani, Sankarkumar Amirdha, and Desti, Kannaiah (2018) An empirical investigation of the interlinkages of stock returns and the weather at the Indian Stock Exchange. Academy of Strategic Management Journal, 17 (1).

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Abstract

This paper investigated the effect of three weather factors (temperature, humidity and wind speed), on the returns of the Indian stock indices (BSE Sensex and S&P CNX Nifty). This study examined how weather affected the Movement and relationship of top stock market indices in India. The study used the monthly data of weather, in five sample cities (Chennai, Mumbai, Delhi, Kolkata and Hyderabad), in India. Statistical tools like Descriptive Statistics, Correlation Matrix and Granger Causality Test were used for the analysis. This study found that the temperature influenced the investors’ mood in Bangalore, in respect of BSE Sensex and Kolkata & Mumbai, in respect of CNX Nifty and Humidity influenced Mumbai, in respect of CNX Nifty.

Item ID:	52917
Item Type:	Article (Scholarly Work)
ISSN:	1939-6104
Keywords:	weather factor, BSE Sensex, S&P CNX Nifty, descriptive statistics, correlation matrix, Granger Causality Test
Date Deposited:	16 Mar 2018 01:53
FoR Codes:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl Banking) @ 50% 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1504 Commercial Services > 150499 Commercial Services not elsewhere classified @ 50%
SEO Codes:	91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 50% 90 COMMERCIAL SERVICES AND TOURISM > 9099 Other Commercial Services and Tourism > 909999 Commercial Services and Tourism not elsewhere classified @ 50%
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