This paper is published in Volume-8, Issue-1, 2022
Area
Financial Markets/Investor Sentiment
Author
Rahul Bhargava, Akshat Adlakha
Org/Univ
Delhi Public School R.K.Puram, New Delhi, Delhi, India
Keywords
GST, Stock Markets, Nifty Indices, Correlation, Investor Confidence, Data Analysis, Bivariate analysis
Citations
IEEE
Rahul Bhargava, Akshat Adlakha. Correlational tendencies between Goods and Services Tax and financial markets in India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Rahul Bhargava, Akshat Adlakha (2022). Correlational tendencies between Goods and Services Tax and financial markets in India. International Journal of Advance Research, Ideas and Innovations in Technology, 8(1) www.IJARIIT.com.
MLA
Rahul Bhargava, Akshat Adlakha. "Correlational tendencies between Goods and Services Tax and financial markets in India." International Journal of Advance Research, Ideas and Innovations in Technology 8.1 (2022). www.IJARIIT.com.
Rahul Bhargava, Akshat Adlakha. Correlational tendencies between Goods and Services Tax and financial markets in India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Rahul Bhargava, Akshat Adlakha (2022). Correlational tendencies between Goods and Services Tax and financial markets in India. International Journal of Advance Research, Ideas and Innovations in Technology, 8(1) www.IJARIIT.com.
MLA
Rahul Bhargava, Akshat Adlakha. "Correlational tendencies between Goods and Services Tax and financial markets in India." International Journal of Advance Research, Ideas and Innovations in Technology 8.1 (2022). www.IJARIIT.com.
Abstract
This paper is aimed at finding a correlation, if any, between Goods and Services Tax (GST) collection announcements and financial markets, specifically, the National Stock Exchange in India. The authors hypothesize that news of GST collection data affects investor confidence and thus the stock market. The result is evident from the correlation between the index of companies with the highest MCap and GST, especially in the financial year 2021.
