IMPACT OF FOREIGN MARKET AND CURRENCY EXCHANGE RATE ON INDIAN IT STOCKS

Abstract

The Stock market plays a prominent role in every nation's economy, and it is no more dependent only
upon national factors. With globalization, the world's economies have become increasingly
interdependent. The national economies are integrated with international economies through trade,
foreign direct investment, capital flow, and advancements in technologies. As a result, exalt studies
analyzed the impact of the foreign stock exchange, currency exchange rate, and economic articles on
the Indian stock market using the Granger causality and Co-integration test. Moreover, considering
the majority vote of multiple deep-learning-based causality detection methods makes the strategy more
concrete. Hence, this study analyses the impact of the foreign stock market, currency exchange rate,
and economics articles on the Indian IT stock market using deep learning-based majority voting. The
result of the study confirms that deep learning-based majority techniques uncovered the non-linear
feature that impacts the Indian It stock market.