Event-Based Gold & Stock Market Analysis

Objective

Analyze the impact of extreme gold price movements on next-day intraday stock returns using an event-based financial analysis approach.

Data

• Gold daily spot price data
• NSE stock OHLC data

Methodology

• Identify extreme gold movements using rolling percentiles
• Classify previous-day gold events
• Compute intraday stock returns
• Perform company-wise and year-wise analysis

Key Insights

• Gold price shocks influence short-term stock behavior
• Impact differs for positive vs negative gold movements
• Only a small subset of stocks consistently outperform

Tools Used

• Python
• Pandas, NumPy
• Matplotlib

Author

Rahul Kumar