Null Hypothesis

Observation

F-Statistic

P-value

SENSEX does not Granger Cause FDI

35

36.8946

8.E−09

FDI does not Granger Cause SENSEX

1.16543

0.3255

NIFTY does not Granger Cause FDI

24

15.6677

0.0001

FDI does not Granger Cause NIFTY

0.13186

0.8773

NIFTY does not Granger Cause SENSEX

24

1.93054

0.1725

SENSEX does not Granger Cause NIFTY

0.31932

0.7305