Impact of Sustainability Indices on Stock Market Performance: Evidence from India

Author(s)	Prof. Dr. Yandamuri Sucharita
Country	India
Abstract	The study aims to analyze the relationship between sustainability-oriented stock indices and overall stock market performance in India. It specifically examines the return behavior, market impact, and future momentum of the Sustainability Index in comparison with the benchmark market index. The findings reveal that the Sustainability Index exhibits improving risk-adjusted return performance over time with declining dependence on systematic market risk. Regression results indicate a strong and statistically significant positive relationship between sustainability indices and benchmark market performance. Forecasting outcomes further suggest a stable and favorable upward momentum for both sustainability and benchmark indices, reflecting increasing investor confidence in Environmental Social Governance focused investments.The study concludes that sustainability indices have become an integral part of the Indian equity market, significantly influencing benchmark index movements.
Keywords	Sustainability Indices, S&P ESG 100 Index, Nifty 100 Index.
Field	Business Administration
Published In	Volume 8, Issue 5, September-October 2026
Published On	2026-10-23
DOI	https://doi.org/10.36948/ijfmr.2026.v08i05.90433

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijfmr.com

International Journal For Multidisciplinary Research