Analyzing the Impact of Different Sectors of the Indian Stock Market on Economic Growth from 2020 To 2024

Author(s): Rahul Dasouni and Dr. Jyoti Sah

Abstract:

This study examines sector-based outcomes in the Indian stock market between 2020 and 2024, considering five main sectors: Banking, IT, Manufacturing, Pharmaceuticals, and FMCG. Few pre-existing studies, however, have analyzed stock market behavior in the context of fundamental financial, stock, and macroeconomic factors over the long term in a comparative manner. Given this research gap, the study endeavors to ascertain the relationship that exists between key financial indicators revenue, net profit, EPS, P/E ratio, ROE and stock price movements in representative firms: HDFC Bank, TCS, Tata Steel, Sun Pharma and Hindustan Unilever Ltd, by conducting correlation analysis and trend analysis using secondary data from stock exchanges and company reports. Results reveal sector-wise trends, volatility trends, dependence on the behaviour of rates, inflation, and international events. The study provides strategies that are useful for investors and policymakers based on the data-driven decisions as a result of the variables studied in the face of a rapidly changing economic environment.

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