Sr. No. | Companies | Variable | Coefficient | Standard Error | t-Statistic | Probability |
|
| Crude Oil | −0.0082 | 0.1758 | −0.0469 | 0.9627 |
1 | Jet Airways | Exchange Rate Market | −0.4658 0.2795 | 0.9440 0.3497 | −0.4934 0.7992 | 0.6226 0.4258 |
|
| C | 0.0194 | 0.0193 | 1.0032 | 0.3179 |
|
| Crude Oil | −0.0398 | 0.0694 | −0.5726 | 0.5681 |
2 | National Thermal Power Corporation | Exchange Rate Market | −0.2743 −0.1903 | 0.3729 0.1382 | −0.7356 −1.3777 | 0.4635 0.1710 |
|
| C | 0.0067 | 0.0076 | 0.8838 | 0.3787 |
|
| Crude Oil | 0.0772 | 0.0921 | 0.8386 | 0.4035 |
3 | Oil and Natural Gas Corporation | Exchange Rate Market | −0.6762 −0.2341 | 0.4944 0.1832 | −1.3677 −1.2783 | 0.1741 0.2037 |
|
| C | 0.0176 | 0.0101 | 1.7383 | 0.0848 |
|
| Crude Oil | −0.0434 | 0.0595 | −0.7288 | 0.4676 |
4 | Powergrid Corporation | Exchange Rate Market | −0.5794 −0.1779 | 0.3196 0.1184 | −1.8129 −1.5025 | 0.0725 0.1357 |
|
| C | 0.0129 | 0.0065 | 1.9808 | 0.0500 |
|
| Crude Oil | 0.0849 | 0.3088 | 0.2751 | 0.7838 |
5 | Indian Oil Corporation | Exchange Rate Market | −0.8540 −0.0636 | 1.6583 0.6143 | −0.5150 −0.1035 | 0.6075 0.9178 |
|
| C | 0.0472 | 0.0339 | 1.3932 | 0.1662 |
|
| Crude Oil | 0.1786* | 0.0719 | 2.4844 | 0.0144 |
6 | GAIL (India) | Exchange Rate Market | −0.5554 −0.1723 | 0.3861 0.1430 | −1.4386 −1.2043 | 0.1530 0.2309 |
|
| C | 0.0162* | 0.0079 | 2.0513 | 0.0425 |
|
| Crude Oil | −0.0193 | 0.0991 | −0.1946 | 0.8460 |