Unveiling the Impact of Macroeconomic Variables on Stock Market Performance; Evidence of India

This investigation aims to uncover the effects of macroeconomic variables such as inflation, money supply, exchange rate, and interest rate on the stock market in India from April 2016 to April 2024.The empirical analysis reveals that macroeconomic variables such as inflation, exchange rate, money supply, and interest rate do have a significant impact on the stock market performance in India, which further reveals the vitality of these factors in the determination of stock market performance.Furthermore, the relevant outcome confirms the negative impact of inflation and exchange on India's stock market performance.Finally, the relevant outcome suggests that the money supply and interest rate positively impact the stock market, leading to its advancement.