IMPACT OF MACROECONOMIC FACTORS ON STOCK MARKET
The main objective of this study is to identify the impact of macroeconomic factors on stock market of India for period from 1987 to 2019. In this study, stock market index return act as dependent variable whereas others, gold price return, inflation rate, crude price rate and exchange rate depreciation are independent variable. The entire variables establish negative relationship with stock market index return except exchange rate depreciation established no relation. ADF test is used to check the stationarity of the variables and OLS Model is used to establish the relationship.