Co -Movements of U.S. Eu and Indian Equity Markets: Portfolio Diversification Implications

Abstract

An integration of planet’s financial market has been the distinctive feature of the global development. The last two decades has witnessed hastening in financial globalization represented by an increase in cross-country foreign assets. The present study has focused on the co-integration aspect of American, European and Indian market. The results of the study indicate significant co-integration relationship among markets.