Table 1. Variables of the study.
| S.No | Variables | Symbol | Data Source | Unit of measurement |
|---|---|---|---|---|
| 1 | Nifty50 | NSE | Investing.com | Return |
| 2 | Wholesale price index | WPI | Investing.com | Annual growth rate (%) |
| 3 | Consumer price index | CPI | Investing.com | Annual growth rate (%) |
| 4 | Index of Industrial Production | IIP | Investing.com | % change previous period |
| 5 | Gross Domestic Product | GDP | Investing.com | % change previous period |
| 6 | Foreign Exchange Reserve | FER | RBI | INR (Cr) |
| 7 | Exchange Rate | ER | Investing.com | INR/USD |
| 8 | Silver Price | SP | Yahoo Finance | USD |
| 9 | Gold Prices | GP | Investing.com | INR |
| 10 | Brent Crude Oil Prices | COP | U.S. Energy Information Administration (EIA) | USD/Barrel |
| 11 | Gross Fiscal Deficit | GFD | RBI | INR (Cr) |
| 12 | Value of Imports | IMP | IMF | USD (Millions) |
| 13 | Value of Exports | EXP | IMF | USD (Millions) |
| 14 | Foreign Institutional Investors | FII | Central Depository Services (India) Limited | INR (Cr) |
| 15 | Repo rate | REPO | bankbazaar.com | Percentage |
| 16 | Interest Rate (Long Term 10 yr) | INT | OECD | % per annum |
| 17 | Call Money Rate | CMR | RBI | % P.a. |
| 18 | Balance of Payment | BOP | RBI | INR (cr) |
| 19 | Money Supply | M2 | Federal Reserve Economic Data (FRED) | INR |