Assessing Global Stock Market Linkages: A Cointegration Analysis Of The Indian Stock Market With Selected International Stock Markets

Author(s)	Ms. Gauri Bajaj, Ms. Diya Batra, Ms. Rakshana Senthil, Mr. Jayesh Luthra, Mr. Mohul Goel, Mr. Ashwin Tantry
Country	India
Abstract	This research paper investigates complex relationships between the Indian stock market and selected international stock markets through an elaborate analysis of their dynamic relationship from 2004 to 2024. The study, focused on Indian stock markets, identifies their global challengers and is supposed to scourge out despondent markets, which by its efforts set down cointegration with the Indian stock exchange, acting as sources of portfolio risk diversification. Furthermore, it investigates the short-run dynamic interconnections of the Indian stock market with those of the US, the UK, China, and Hong Kong, through Granger causality tests
Keywords	Cointegration Analysis, Stock Market Linkages, Indian Stock Market, Global Financial Integration, Market Integration, COVID-19 Impact, International Finance
Field	Sociology > Banking / Finance
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-07-30
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.52219
Short DOI	https://doi.org/g9vpsf

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