{"id":23120,"date":"2025-12-19T22:51:47","date_gmt":"2025-12-19T17:21:47","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23120"},"modified":"2025-12-19T22:51:47","modified_gmt":"2025-12-19T17:21:47","slug":"relationship-of-nifty-with-jio-financial-services","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23120","title":{"rendered":"Relationship of NIFTY with Jio Financial Services"},"content":{"rendered":"

Title: Relationship of NIFTY with Jio Financial Services<\/span><\/p>\n

Prepared By:<\/span><\/b><\/p>\n

Author:<\/span><\/b> Jasmine Koli<\/span><\/p>\n

Roll No:<\/span><\/b> 021331025172<\/span><\/p>\n

Batch:<\/span><\/b> Operations and Supply Chain Management<\/span><\/p>\n

\u00a0<\/span><\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Introduction:<\/span><\/b><\/p>\n

Jio Financial Services (JFS) is the financial services arm of the Reliance Industries conglomerate, established as an independent, publicly listed company in August 2023 following a demerger. It operates with a “digital-first” strategy, aiming to provide a comprehensive suite of simple, affordable, and innovative financial solutions to all Indian citizens.<\/span><\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Objective:<\/span><\/b><\/p>\n

To calculate <\/span>\u03b2<\/span> of Jio Financial Services and observe its significance.<\/span><\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Data Collection:<\/span><\/b><\/p>\n

Historical data of Jio Financial Services and NIFTY50 Index data was downloaded from NSE website for the period 1\/12\/24 to 30\/11\/2025. The data was manipulated to get Friday closing prices. <\/span><\/p>\n

4)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Literature Review:<\/span><\/b><\/p>\n

Author 1:<\/span><\/b><\/p>\n

Literature Review :<\/span><\/b><\/p>\n

Gamini Gunawardane ( 2023 )<\/span><\/p>\n

Gamini\u00a0 <\/span>Gunawardane explained the importance of customer experience (CX) is recognized in financial services, but academic research hasn’t kept pace. A survey of papers in key finance journals (2015-2020) found 25% focused on customer satisfaction (CS) related issues, but only 1% addressed CX directly. Most CX research is stuck in a static, traditional view, neglecting the modern dynamic customer journey. Industry reports and conferences prioritize CX, highlighting a gap between academic research and industry needs. Researchers should focus on modern CX concepts to bridge this gap.<\/span><\/p>\n

Reference: G Gunawardane ( 2023 )<\/span><\/p>\n

Name of the Article: Enhancing customer satisfaction and experience in financial services: a survey of recent research in financial services journals. <\/span><\/p>\n

Name of Journal: G Gunawardane \u2013 Journal of Financial Services Marketing, 2023 Springer.<\/span><\/p>\n

Volume: Issue (June 2023)<\/span><\/p>\n

Published: California <\/span><\/p>\n

Author 2:<\/span><\/b><\/p>\n

Prachi B Mehta, Richu M Juneja <\/span><\/p>\n

This study examined customer satisfaction with Jio products and services in Surat City, collecting data from 213 Jio users. The study aimed to assess satisfaction levels amidst Jio’s changing pricing policies. Findings showed customers are moderately satisfied with Jio’s services. Key reasons for choosing Jio were its schemes, offers, and affordable data services. Users expect Jio to improve network coverage, strength, and reduce tariffs. The study highlights areas for Jio to enhance customer satisfaction.<\/span><\/p>\n

Reference: Prachi B Mehta, Richu M Juneja <\/span><\/p>\n

Name of Article: A study of Consumer Satisfaction towards Jio Products and Services in Surat City.<\/span><\/p>\n

Name of Journal: PB Mehta, RM Juneja \u2013 Digitalisation & Innovations.<\/span><\/p>\n

5)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Data Collection:<\/span><\/b><\/p>\n

Historical data of Jio Financial Services and NIFTY50 Index data was downloaded from NSE website for the period 1\/12\/24 to 30\/11\/2025. The data was manipulated to get Friday closing prices. <\/span><\/p>\n

6)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Data Analysis:<\/span><\/b> Regression equation with T stat for B. <\/span><\/p>\n

R2, F = P Value<\/span><\/p>\n

0.058, 0.26813 = 0.60707<\/span><\/p>\n

Explanation \u2013<\/span> The above regression equation explains the relationship between equity returns (dependent variable) and NIFTY returns (independent variable).<\/span><\/p>\n

The coefficient of NIFTY return (Beta) is \u22120.4827, which indicates a negative relationship between equity returns and NIFTY returns. This means that if the NIFTY return increases by 1 unit, the equity return is expected to decrease by approximately 0.48 units, and vice versa. However, this relationship is very weak.<\/span><\/p>\n

The t-statistic for Beta is \u22120.51781 and the corresponding p-value is 0.60707. Since the p-value is much greater than 0.05, the Beta coefficient is not statistically significant. This implies that NIFTY returns do not have a meaningful impact on equity returns in this model.<\/span><\/p>\n

The R-square value is 0.058, which means that only 5.8% of the variation in equity returns is explained by NIFTY returns, while the remaining 94.2% variation is due to other factors not included in the model.<\/span><\/p>\n

The F-statistic is 0.26813 with a p-value of 0.60707, which indicates that the overall regression model is statistically insignificant. Hence, the model does not provide sufficient evidence to conclude that NIFTY returns explain equity returns.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

7)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Conclusion:<\/span><\/b> If <\/span>\u03b2<\/span> is negative avoid this company.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship of NIFTY with Jio Financial Services Prepared By: Author: Jasmine Koli Roll No: 021331025172 Batch: Operations and Supply Chain Management \u00a0 1)\u00a0\u00a0\u00a0\u00a0\u00a0 Introduction: Jio Financial Services (JFS) is the financial services arm of the Reliance Industries conglomerate, established as an independent, publicly listed company in August 2023 following a demerger. It operates with… Continue reading Relationship of NIFTY with Jio Financial Services<\/span><\/a><\/p>\n","protected":false},"author":139891,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23120","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139891"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23120"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23120\/revisions"}],"predecessor-version":[{"id":23121,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23120\/revisions\/23121"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23120"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}