An Analysis of Relationship between Sensex and Selected Agricultural Commodities Indices in India

Abstract: This paper attempts to convey the relationship between selected agricultural indices and sensex. The agricultural indices used in the study are Dhaanya- which provides a reliable benchmark for the traded agri-commodities in NCDEX and MCX AGRI- which is a group index of agricultural commodities traded in MCX. The Pearsons correlation and ordinary least squares are applied to understand the impact of agricultural indices on sensex. Granger Causality test is applied to understand the dynamic causal relationship between the variables. The study takes into account the daily closing values of agricultural index of NCDEX (Dhaanya) and MCX ( MCXAGRI). The period of the study is 01/01/2014 to 31/12/2015.

Keywords: Dhaanya, MCX AGRI, Sensex, Commodities, Relationship

Edition: Volume 5 Issue 9, September 2016,

Pages: 368 - 371

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An Analysis of Relationship between Sensex and Selected Agricultural Commodities Indices in India

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