Asian Journal of Research in Business Economics and Management
Year : 2013, Volume : 3, Issue : 11
First page : ( 115) Last page : ( 148)
Online ISSN : 2249-7307.

Impact of Indian Capital Market on the Share Value of a Firm: A Case Study of Minerals and Metals Trading Corporation (MMTC) Ltd.

Taqi Mohd., Ikram Sana

Research Scholar, Department of Commerce, Aligarh Muslim University, Aligarh, India

Online published on 7 November, 2013.

Abstract

Capital Market plays very significant role in any economy. Stock exchanges are the pillars of capital market. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are the main stock exchange of Indian Capital Market where most of the companies are listed. The shares of public sector companies are traded in these stock exchanges. Minerals and Metals Trading Corporation (MMTC) Ltd is one of the major players of mineral sector of India and listed in Bombay Stock Exchange in BSE-PSU index. The present study is an attempt to elaborate the variation in Indian Capital Market has any relation to the share price of a firm or not. It also evaluates the impact of Indian Capital Market on the share value of a firm with special focus to Minerals and Metals Trading Corporation (MMTC) Ltd. The study covers the index value of Bombay Stock Exchange (PSU) and MMTC Ltd. from 2008 to 2012. The study concluded that there is a significant relation between the movements of the indices of S&P BSE PSU and MMTC Ltd. It is found that Indian Capital Market has significant impact on the performance of MMTC Ltd. and also there is a relation between the movements of Capital Market and MMTC Ltd.

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Keywords

Indian Capital Market, MMTC Ltd, BSE.

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