Air Pollution and Stock Returns: Evidence from NSE and BSE of India
Chinnadurai Kathiravan1, Murugesan Selvam2, J. Gayathri3, Marriappan Raja4, Marxia Oli. Sigo5
1Chinnadurai Kathiravan*, Ph.D. Research Scholar in Management, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India, E-mail: firstname.lastname@example.org
2Murugesan Selvam, Dean, Faculty of Management, Chair, School of Business Studies, Professor and Head, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India.
3J. Gayathri, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India.
4Marriappan Raja, Bharathidasan University Constituent College, Lalgudi, Tamil Nadu, India.
5Marxia Oli. Sigo, National Institute of Technology, Sikkim
Manuscript received on 9 August 2019. | Revised Manuscript received on 18 August 2019. | Manuscript published on 30 September 2019. | PP: 2569-2573 | Volume-8 Issue-3 September 2019 | Retrieval Number: C4767098319/2019©BEIESP | DOI: 10.35940/ijrte.C4767.098319
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Abstract: Air pollution issue has become an important environmental problem in India. This paper proposes to examine the influence of Delhi Air Pollution on the two Indian stock indices, using Descriptive Statistics, Unit Root, and OLS regression. The analysis of the study found that Delhi Air Pollution did create a statistically significant effect on Nifty. This is the first study of this type to look into the effects of air quality issue on stock market indices in India.
Keywords: Investors’ Mood, Air Pollution, Stock Returns
Scope of the Article: Bio-Science and Bio-Technology