Research Papers

A quantitative study of small-cap IPOs on the NSE and BSE from 2018-2024, using correlation and linear regression to test how the RBI repo rate at time of issue relates to listing-day gains and 30-day post-listing returns.

A quantitative study examining the extent to which AI-related market optimism and retail investor sentiment affected sectoral stock performance in Indian equity markets between 2022 and 2025, using comparative return analysis against the NIFTY 50 and an original AI Narrative Intensity framework.

We test whether contractionary and expansionary monetary policy shocks transmit to output with equal magnitude, using a local projections framework applied to a compiled panel dataset. Contractionary shocks show a growth response roughly 2.4x larger than expansionary shocks of equal size.

We construct a factor crowding index from the rolling cross-correlation of major style-factor returns and test its relationship to subsequent drawdown severity, finding a statistically significant negative relationship (R² = 0.42).

We document a negative relationship between interest rate volatility and corporate capital expenditure growth, with a materially larger effect in high-leverage subsamples (β = -4.85, R² = 0.68) than low-leverage subsamples (β = -3.27, R² = 0.46).

Post-2022 trade fragmentation plausibly weakens the historical relationship between commodity prices and commodity-exporting currencies. We re-estimate FX betas to a broad commodity index for AUD, CAD, NOK, and BRL across pre- and post-2022 windows and find a decline in beta across all four currencies.