An analytical investigation of the relation between of stock returns at the Indian Stock Exchange and the amount of rainfall in India
This paper examines the relation among the amount of rainfall on Indian stock index returns (CNX Nifty). This study examined if there is any link between rainfall and the stock market index in India. The research used the monthly data of rainfall of five states namely Uttar Pradesh, West Bengal, Maharashtra, Andhra Pradesh, and Punjab in India. These states are chosen because they are among the highest crop producing states in India and this paper investigates whether rainfall in these states have any impact on the stock market. Descriptive Statistics, Regression Analysis, and Correlation Matrix are used for the statistical analysis.