Comparative Analysis of Indian Stock Market with ... - Great Lakes
Comparative Analysis of Indian Stock Market with ... - Great Lakes
Comparative Analysis of Indian Stock Market with ... - Great Lakes
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NSE vs. NYSE<br />
Fig 1.3<br />
58<br />
Here, NYSE was a success story in this period. Led by the tech companies, the US economy<br />
was at its pink which is reflected in the NYSE. But the NSE did not appreciate much. In the<br />
NYSE the tech boom was saturating. The NYSE did not appreciate much in the initial period.<br />
But in the year 1999 and mid <strong>of</strong> 2000, NSE was rising <strong>with</strong> the NYSE because India had benefited<br />
much from the tech boom in this period along <strong>with</strong> the NYSE. The high dependence <strong>of</strong> India on<br />
the US in trade was reflected by the two stock exchanges. During this period, both the stock<br />
exchanges has risen sharply. Although the percentage change in the NSE was much larger, but<br />
the manner in which they were moving was highly correlated.<br />
©<strong>Great</strong> <strong>Lakes</strong> Herald – April 2007 Volume 1, Issue 1 by <strong>Great</strong> <strong>Lakes</strong> Institute <strong>of</strong> Management, Chennai