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Investigating the Impact of Crypto Currency Market Movements on Selected Indian Sectoral Stock Markets Using Explainable Regression Techniques


Authors : Harini D.; S. Aruna; Santhanalakshmi V.; Dr. D. P. Sivasakti Balan; R. J. Thayumanaswamy

Volume/Issue : Volume 11 - 2026, Issue 8 - August


Google Scholar : https://tinyurl.com/ycxarpxe

Scribd : https://tinyurl.com/2wjuas8d

DOI : https://doi.org/10.38124/ijisrt/26aug321

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.


Abstract : Cryptocurrencies have emerged as a significant component of the global financial systems, attracting considerable attentions from investors, researchers and policymakers. Simultaneously, Indian sectoral stock market plays a crucial role in the country’s economic development and investment landscape. Due to their high volatility, crypto currency markets may influence traditional financial markets and investment decisions .This study investigates the impact of crypto currency market movements from on selected Indian sectoral stock markets, including the information Technology, Banking, Pharmaceutical sectors. Historical data from major cryptocurrencies and sectoral stock indices like Bitcoin, Ethereum, Nifty IT, Nifty Bank, and Nifty Pharma indices which was collected and analyzed using explainable regression techniques. Based on the given datasets, the findings provide valuable insights into the relationship between cryptocurrency markets and selected Indian sectoral stock market indices, particularly in understanding how crypto currency market fluctuations during major global events, such as pandemics, geopolitical conflicts, and economic uncertainty, may influence investor behavior and sectoral performance across the Indian economy.

Keywords : Cryptocurrency, Economy, Investor, Nifty.

References :

  1. Asthana, R., & Chatnani, N. N. (2025). Examining the interconnectedness of cryptocurrency with the Indian stock market. Global Business Reviewhttps://doi.org/10.1177/09721509251355161.
  2. Bose, R., Nagarkar, J., Malik, S., & Bharti, N. (2024). Unveiling the interlinkage between Ethereum and Nifty indices: Impact of cryptocurrency on Indian equity markets post-COVID-19. Cogent Economics & Finance, 12(1), Article 2359599. https://doi.org/10.1080/23322039.2024.2359599.
  3. Gil-Alana, L. A., Abakah, E. J. A., & Romero-Rojo, M. F. (2020). Cryptocurrencies and stock market indices: Are they related? Research in International Business and Finance, 51, 101063. https://doi.org/10.1016/j.ribaf.2019.101063.
  4. Investing.com. (n.d.). Bitcoin INR historical data. https://in.investing.com/crypto/bitcoin/btc-inr-historical-data.
  5. Investing.com. (n.d.). Ethereum INR historical data. https://in.investing.com/crypto/ethereum/eth-inr-historical-data.
  6. Jana, S., & Sahu, T. N. (2023). Can diversification be improved by using cryptocurrencies? Evidence from Indian equity market. Journal of Financial Economic Policy, 15(6), 551–573. https://doi.org/10.1108/JFEP-02-2023-0047.
  7. Kaspersky. (n.d.). What is cryptocurrency? https://www.kaspersky.com/resource-center/definitions/what-is-cryptocurrency.
  8. Mohapatra, S., Sarangi, P. P., & Mallia, B. (2024). AI-driven dynamics: Exploring cryptocurrency and traditional Indian stock market relationships for informed investments. Srusti Management Review, Special Issue, 38–54. https://www.srustimanagementreview.ac.in/public/paperfile/paper-514.pdf.
  9. Nifty Indices. (n.d.). Historical data. https://www.niftyindices.com/reports/historical-data.
  10. Nifty Indices. (n.d.). Nifty Bank. https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-bank.
  11. Nifty Indices. (n.d.). Nifty IT. https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-it.
  12. Nifty Indices. (n.d.). Nifty Pharma. https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-pharma.
  13. PostFinance. (n.d.). Understanding volatility: Cryptocurrencies. https://www.postfinance.ch/en/blog/investing-in-simple-terms/understanding-volatility-cryptocurrencies.html.

Cryptocurrencies have emerged as a significant component of the global financial systems, attracting considerable attentions from investors, researchers and policymakers. Simultaneously, Indian sectoral stock market plays a crucial role in the country’s economic development and investment landscape. Due to their high volatility, crypto currency markets may influence traditional financial markets and investment decisions .This study investigates the impact of crypto currency market movements from on selected Indian sectoral stock markets, including the information Technology, Banking, Pharmaceutical sectors. Historical data from major cryptocurrencies and sectoral stock indices like Bitcoin, Ethereum, Nifty IT, Nifty Bank, and Nifty Pharma indices which was collected and analyzed using explainable regression techniques. Based on the given datasets, the findings provide valuable insights into the relationship between cryptocurrency markets and selected Indian sectoral stock market indices, particularly in understanding how crypto currency market fluctuations during major global events, such as pandemics, geopolitical conflicts, and economic uncertainty, may influence investor behavior and sectoral performance across the Indian economy.

Keywords : Cryptocurrency, Economy, Investor, Nifty.

Paper Submission Last Date
31 - August - 2026

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