{"id":"https://openalex.org/W2977984422","doi":"https://doi.org/10.1109/access.2019.2945603","title":"Identifying Significant Macroeconomic Indicators for Indian Stock Markets","display_name":"Identifying Significant Macroeconomic Indicators for Indian Stock Markets","publication_year":2019,"publication_date":"2019-01-01","ids":{"openalex":"https://openalex.org/W2977984422","doi":"https://doi.org/10.1109/access.2019.2945603","mag":"2977984422"},"language":"en","primary_location":{"id":"doi:10.1109/access.2019.2945603","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2019.2945603","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8600701/08859186.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://ieeexplore.ieee.org/ielx7/6287639/8600701/08859186.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5059174082","display_name":"Prakash K. Aithal","orcid":"https://orcid.org/0000-0002-4304-9512"},"institutions":[{"id":"https://openalex.org/I164861460","display_name":"Manipal Academy of Higher Education","ror":"https://ror.org/02xzytt36","country_code":"IN","type":"education","lineage":["https://openalex.org/I164861460"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Prakash K. Aithal","raw_affiliation_strings":["Department of Computer Science and Engineering, Manipal Institute of Technology, Manipal Academy of Higher Education, Manipal, India","Department of Computer Science and Engineering, Manipal Institute of Technology Manipal Academy of Higher Education  Manipal India"],"raw_orcid":"https://orcid.org/0000-0002-4304-9512","affiliations":[{"raw_affiliation_string":"Department of Computer Science and Engineering, Manipal Institute of Technology, Manipal Academy of Higher Education, Manipal, India","institution_ids":["https://openalex.org/I164861460"]},{"raw_affiliation_string":"Department of Computer Science and Engineering, Manipal Institute of Technology Manipal Academy of Higher Education  Manipal India","institution_ids":["https://openalex.org/I164861460"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Acharya U. Dinesh","orcid":null},"institutions":[{"id":"https://openalex.org/I164861460","display_name":"Manipal Academy of Higher Education","ror":"https://ror.org/02xzytt36","country_code":"IN","type":"education","lineage":["https://openalex.org/I164861460"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Acharya U. Dinesh","raw_affiliation_strings":["Dept. of Comput. Sci. &amp; Eng., Manipal Acad. of Higher Educ., Manipal, India","[Manipal Acad. of Higher Educ., India]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dept. of Comput. Sci. &amp; Eng., Manipal Acad. of Higher Educ., Manipal, India","institution_ids":["https://openalex.org/I164861460"]},{"raw_affiliation_string":"[Manipal Acad. of Higher Educ., India]","institution_ids":["https://openalex.org/I164861460"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5033106477","display_name":"M. Geetha","orcid":null},"institutions":[{"id":"https://openalex.org/I164861460","display_name":"Manipal Academy of Higher Education","ror":"https://ror.org/02xzytt36","country_code":"IN","type":"education","lineage":["https://openalex.org/I164861460"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"M. Geetha","raw_affiliation_strings":["Dept. of Comput. Sci. &amp; Eng., Manipal Acad. of Higher Educ., Manipal, India","[Manipal Acad. of Higher Educ., India]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dept. of Comput. Sci. &amp; Eng., Manipal Acad. of Higher Educ., Manipal, India","institution_ids":["https://openalex.org/I164861460"]},{"raw_affiliation_string":"[Manipal Acad. of Higher Educ., India]","institution_ids":["https://openalex.org/I164861460"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I164861460"],"apc_list":{"value":1850,"currency":"USD","value_usd":1850},"apc_paid":{"value":1850,"currency":"USD","value_usd":1850},"fwci":0.9886,"has_fulltext":true,"cited_by_count":21,"citation_normalized_percentile":{"value":0.79182891,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"7","issue":null,"first_page":"143829","last_page":"143840"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9954000115394592,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9941999912261963,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multicollinearity","display_name":"Multicollinearity","score":0.7896468043327332},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.6712841391563416},{"id":"https://openalex.org/keywords/principal-component-analysis","display_name":"Principal component analysis","score":0.658918559551239},{"id":"https://openalex.org/keywords/stock-exchange","display_name":"Stock exchange","score":0.6149868965148926},{"id":"https://openalex.org/keywords/economic-indicator","display_name":"Economic indicator","score":0.5371807813644409},{"id":"https://openalex.org/keywords/varimax-rotation","display_name":"Varimax rotation","score":0.527825653553009},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.4525824785232544},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.41694897413253784},{"id":"https://openalex.org/keywords/regression-analysis","display_name":"Regression analysis","score":0.3761369585990906},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.35568901896476746},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.33473747968673706},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3239659368991852},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.13498935103416443},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.12789121270179749},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.10739314556121826},{"id":"https://openalex.org/keywords/descriptive-statistics","display_name":"Descriptive statistics","score":0.0731242299079895}],"concepts":[{"id":"https://openalex.org/C189285262","wikidata":"https://www.wikidata.org/wiki/Q1332350","display_name":"Multicollinearity","level":3,"score":0.7896468043327332},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6712841391563416},{"id":"https://openalex.org/C27438332","wikidata":"https://www.wikidata.org/wiki/Q2873","display_name":"Principal component analysis","level":2,"score":0.658918559551239},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6149868965148926},{"id":"https://openalex.org/C202353208","wikidata":"https://www.wikidata.org/wiki/Q1167393","display_name":"Economic indicator","level":2,"score":0.5371807813644409},{"id":"https://openalex.org/C179861144","wikidata":"https://www.wikidata.org/wiki/Q2168094","display_name":"Varimax rotation","level":4,"score":0.527825653553009},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4525824785232544},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.41694897413253784},{"id":"https://openalex.org/C152877465","wikidata":"https://www.wikidata.org/wiki/Q208042","display_name":"Regression analysis","level":2,"score":0.3761369585990906},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35568901896476746},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.33473747968673706},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3239659368991852},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13498935103416443},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.12789121270179749},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.10739314556121826},{"id":"https://openalex.org/C39896193","wikidata":"https://www.wikidata.org/wiki/Q380344","display_name":"Descriptive statistics","level":2,"score":0.0731242299079895},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C106906290","wikidata":"https://www.wikidata.org/wiki/Q1140909","display_name":"Cronbach's alpha","level":3,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/access.2019.2945603","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2019.2945603","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8600701/08859186.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:8e77c69ff7954238aef9ce8de9b0c171","is_oa":true,"landing_page_url":"https://doaj.org/article/8e77c69ff7954238aef9ce8de9b0c171","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"IEEE Access, Vol 7, Pp 143829-143840 (2019)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1109/access.2019.2945603","is_oa":true,"landing_page_url":"https://doi.org/10.1109/access.2019.2945603","pdf_url":"https://ieeexplore.ieee.org/ielx7/6287639/8600701/08859186.pdf","source":{"id":"https://openalex.org/S2485537415","display_name":"IEEE Access","issn_l":"2169-3536","issn":["2169-3536"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Access","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.4099999964237213,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2977984422.pdf","grobid_xml":"https://content.openalex.org/works/W2977984422.grobid-xml"},"referenced_works_count":42,"referenced_works":["https://openalex.org/W1555148682","https://openalex.org/W1980672226","https://openalex.org/W2061114812","https://openalex.org/W2542490652","https://openalex.org/W2547955377","https://openalex.org/W2561562553","https://openalex.org/W2590169544","https://openalex.org/W2604496747","https://openalex.org/W2614689898","https://openalex.org/W2626357790","https://openalex.org/W2673721384","https://openalex.org/W2704522797","https://openalex.org/W2736096292","https://openalex.org/W2769351009","https://openalex.org/W2771439589","https://openalex.org/W2773685933","https://openalex.org/W2776011186","https://openalex.org/W2785325215","https://openalex.org/W2791719777","https://openalex.org/W2792424319","https://openalex.org/W2794289428","https://openalex.org/W2810665596","https://openalex.org/W2883867961","https://openalex.org/W2889557076","https://openalex.org/W2891439524","https://openalex.org/W2894511755","https://openalex.org/W2896932105","https://openalex.org/W2900655305","https://openalex.org/W2903815635","https://openalex.org/W2933439003","https://openalex.org/W2935877158","https://openalex.org/W2942810095","https://openalex.org/W3121634578","https://openalex.org/W3122552396","https://openalex.org/W4206037471","https://openalex.org/W4283267386","https://openalex.org/W4301968858","https://openalex.org/W6633204899","https://openalex.org/W6687492030","https://openalex.org/W6734133948","https://openalex.org/W6754493443","https://openalex.org/W6845287357"],"related_works":["https://openalex.org/W1981984822","https://openalex.org/W3142017820","https://openalex.org/W1996664002","https://openalex.org/W2915411379","https://openalex.org/W4386361988","https://openalex.org/W2229495757","https://openalex.org/W1990124106","https://openalex.org/W210577557","https://openalex.org/W3177641728","https://openalex.org/W1531076019"],"abstract_inverted_index":{"The":[0,60,71,83,105],"macroeconomic":[1,25,44,61,81,172],"indicators":[2,26,45],"play":[3],"a":[4],"major":[5],"role":[6],"in":[7,57,67],"all":[8,79],"the":[9,22,28,34,50,75,89,100,115,124,138,145,169],"stock":[10,165],"markets,":[11],"and":[12,33,65,88,102,120,148,177,184],"they":[13],"vary":[14],"from":[15,49],"nation":[16],"to":[17,53,113,117,130,163],"nation.":[18],"This":[19],"paper":[20],"identifies":[21],"influence":[23,139],"of":[24,39,42,78,91,140,171,175],"on":[27,144,181],"National":[29],"Stock":[30,36],"Exchange":[31,37],"(NSE)":[32],"Bombay":[35],"(BSE)":[38],"India.":[40],"Total":[41],"forty-four":[43],"for":[46,85],"eight":[47],"years":[48],"year":[51],"2011":[52],"2018":[54],"are":[55,63,93,152,179],"considered":[56,66,80],"this":[58],"study.":[59],"factors":[62,119,132,143],"aggregated":[64],"average":[68],"monthly":[69],"form.":[70],"proposed":[72],"method":[73,110,127],"finds":[74],"correlation":[76],"matrix":[77],"indicators.":[82,173],"need":[84],"dimensionality":[86,116],"reduction":[87],"existence":[90],"multicollinearity":[92],"proven":[94],"using":[95,154],"validation":[96],"techniques":[97],"such":[98],"as":[99],"Kaiser-Meyer-Olkin":[101],"Bartlett":[103],"tests.":[104],"Principal":[106],"Component":[107],"Analysis":[108],"(PCA)":[109],"is":[111,128,161],"used":[112,162],"reduce":[114],"seven":[118,142],"then":[121],"PCA":[122],"with":[123,133,168],"varimax":[125],"rotation":[126],"applied":[129],"find":[131],"maximum":[134],"variation.":[135],"In":[136],"addition,":[137],"these":[141],"NSE":[146,182],"Nifty":[147],"BSE":[149,185],"SENSEX":[150,186],"indices":[151],"analyzed":[153],"regression.":[155],"Finally,":[156],"an":[157],"Artificial":[158],"Neural":[159],"Network":[160],"predict":[164],"market":[166],"movement":[167],"help":[170],"Accuracy":[174],"92%":[176],"87%":[178],"obtained":[180],"NIFTY":[183],"respectively.":[187]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
