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Abstract
It is evident from the common prudence that stock markets exhibit vulnerability to every change that surfaces the economic and non-economic spheres. Especially, the stocks which follow the main index like S& P Nifty are more volatile to the exogenous factors despite the strength of the fundamentals of the companies. But such volatility may last in short run due to few macro-economic factors and holds sway in long run owing to few other factors. Markets have become so delicate, that, the major indices of Sensex and Nifty have started shambling for virtual factors having no correlation with the market performance such as the economic turmoil of the countries having no nexus with the business of indices of the market index. Thus, it is essential to identify the crucial macroeconomic factors which impacts the indices to fortify the strategic portfolio decisions. In this Pursuit, a paper titled “Study on Impact of Macroeconomic Variables on Indian Stock Markets with Reference to S&P CNX Nifty” is brought forward.