A Study on Relationship Between the Price Performance of Individual Stock and Nifty Fifty Index

Abstract

Investors are looking for safe, low-risk, and highly profitable investment solutions in the erratic marketplace. The performance of the Nifty fifty Index may be studied to provide insight into potential investment opportunities and the direction of the market's future movement. The study's primary goal was to determine the link between the performance of the NIFTY fifty Index and the newly listed selected companies chosen from the NSE website. Secondary goals included analysing the effects of various individual stocks and correlating the NIFTY Index's direction of movement. Secondary sources of data were employed in this study for the correlation and causal research designs. The information, which includes indexes and closing share prices of particular firms, will be gathered over a ten-year period beginning on January 1, 2012 to 31st Dec, 2022 on yearly basis. The study concludes that there is no relationship between Nifty fifty Index and Individual selected stock prices. Also, the market performance is improving over the period of time. The Nifty fifty index is indulged to up rise with increase in Nifty fifty stock prices.(Patel & Surti, 2020)