2021 |
Volume 11 |
Issue 1
An Assessment of Correlation between Twitter Sentiments Indicators and Stock Market Indicators, with Reference to BSE and NSE in India
1.
S. Santhoshkumar
– Dept. Of Commerce And Financial Studies, Bharathidasan Univ., Tiruchirappalli, Tamil Nadu, India.
2.
Murugesan Selvam
– Dept. Of Commerce And Financial Studies, Bharathidasan Univ., Tiruchirappalli, Tamil Nadu, India.
3.
Chinnadurai Kathiravan
– Dept. Of Commerce And Financial Studies, Bharathidasan Univ., Tiruchirappalli, Tamil Nadu, India.
4.
Dhamotharan Dhanasekar
– Dept. Of Commerce And Financial Studies, Bharathidasan Univ., Tiruchirappalli, Tamil Nadu, India.
Received
09-Jul-2021
|
Accepted
-
|
Published
09-Jul-2021
|
Abstract
The study aims to reveal the relationship between Twitter
sentiments indicators and stock market indicators, with reference to BSE and NSE in India. This study used secondary daily time series data, for a period of two years, from 01.01.2018 to 31.12.2019. Statistical tools, such as Descriptive Statistics and Correlation Matrix, were employed to perform the analysis. It was found from the correlation analysis that there was a relationship between Twitter sentiments indicators and stock market indicators. The findings of the study would be useful to the investors and other participants in the stock market, as they seek to understand the influence of Twitter on stock returns.
Keywords Stock Returns, Social Media, Tweets
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