Crude oil prices drive Bombay stock exchange, impacting India's economy.
The impact of crude oil prices on the Bombay stock exchange was studied. Data was analyzed using multiregression, ADF test, and Johansen co integration Test. Results showed a positive relationship between oil prices, inflation, and the stock exchange in India. The Bombay stock exchange, founded in 1876, is the 11th largest in terms of market capitalization, valued at $1.9 trillion. It is known for its derivatives market and screen-based trading system, allowing investors to trade at any time.