The correlation coefficients indicate that the Nifty index is moderately correlated with the global indices, suggesting that Indian equity market is influenced by global market trends.
Based on the findings of this study, we recommend: historical data nifty
: Always mark your data’s source and date of download. NSE revises historical data occasionally (e.g., base year changes from 1995 to 2018). For rigorous research, prefer Nifty Total Returns Index (TRI) over Price Index. The correlation coefficients indicate that the Nifty index
| Period | Event | Nifty Movement | |--------|-------|----------------| | May 2004 | UPA election upset | Down 17% in 2 days (circuit breaker) | | Oct 2008 | Lehman collapse | 2,500 to 2,000 (~20% drop) | | Mar 2020 | COVID crash | 12,430 to 7,510 in 20 days (-39%) | | Feb 2023 | Adani short-seller attack | 18,000 to 16,800 (-6.7% in 5 days) | For rigorous research, prefer Nifty Total Returns Index