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Movements in the stock market have a profound impact on the economy.With its genesis in 1830, it has managed to be the most stable and resilience force. This paper gives an insight into the bearish and bullish trends of the stock market during the 'Modi' government regime (16th May 2014 to 30th November 2015). The study would analyse the impact of reforms brought by the BJP government to tackle the volatility in currency and stock market. The foreign inflows have created a positive sentiment in the short run. The link between Shanghai Composite indices and Sensex is very contrasting and compelling for the Indian investors. A favourable monetary policy, fed rate stability and the new government has kept the market on its feet. This paper unfolds some of the critical information on politics and its impact on stock market.Keyword: Financial Reforms, Monetary Policy, Market Volatility, Market Indices, Repo Rate

AbstractThe purpose of this study is to explore the extent and nature of sustainability disclosure practices of companies from environmentally sensitive industries in India. It further investigates the influence of potential determinants on sustainability information disclosure of the companies. The study analyzed the data of 57 energy and mining companies included in NIFTY500 index at National Stock Exchange of India (NSE) for the period 2016 to 2019. In the present study, environment, social, and governance (ESG) parameters were considered to measure the corporate sustainability disclosure practices. Panel data analysis was conducted to investigate the impact of possible determinants on sustainability reporting. The results indicate that variables, such as firm size, market capitalization, and a standalone sustainability reporting, are positively associated with the sustainability information disclosure of companies. The finding also suggests that policymakers should promote a standalone sustainability reporting based on Global Reporting Initiative (GRI) standards and also broaden the existing scope of business responsibility reporting in India. Overall findings should help the policymakers and regulators to assess and advance the disclosure reforms to improve sustainability reporting in India.

Purpose
This paper aims to explore the role of source credibility while purchasing environment-friendly products using Ajzen's (1991) theory of planned behavior as underpinning model.


Design/methodology/approach
The proposed theoretical model was empirically tested with the data collected from 334 respondents using structural equation modeling.


Findings
The results gave empirical support to the addition of source credibility to the original theory of planned. Moreover, consumer attitude was found mediating the effect of corporations' credibility on purchase intention. Also, attitude and perceived behavioral control were found as the most important predictors of consumer's intention to purchase environment-friendly products.


Practical implications
This study provides valuable insights for the marketers engaged in sustainable business practices. Amid, ever-increasing carbon emission, promoting the use of environment-friendly products has become the need of the time. Credibility plays a crucial role while promoting and communicating an organization's sustainable practices among its stakeholders including consumers. Therefore, the marketer should formulate appropriate marketing communication strategy to communicate the consumer about the green practices and environment-friendly products they produce. The results suggest that corporation's credibility shapes consumer attitude and influences intention to purchase environment-friendly products. Earning trust of the consumer is pivotal to achieve success in the market. Therefore, results may help the marketers to better understand consumer's response toward their marketing strategies and further convince and persuade them to buy their products.


Social implications
The findings of this study may be useful for marketers, strategists, policymakers and government while formulating promotional strategies to make consumer aware, educate and persuade them to purchase products which do not cause harm to the environment.


Originality/value
The study is novel in terms of exploring role of source credibility and extending theory of planned behavior in the context of sustainable consumption.