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Abstract
After 2014, India relationship with Scandinavian countries and Nordic countries has been improving. During Indo Nordic summit held in April 2018 in Stockholm, all prime ministers of the Nordic Countries vowed to strengthen ties between India and Nordic Countries. Annual India-Nordic trade is about $5.3 billion and the cumulative Nordic FDI into India is $2.5 billion and it comes more than 5% of the total FDI received by India. So it becomes vital to study whether any impact exists because of any movement in stock index of these countries on Indian Stock market. So this paper does the same. It uses Johansen co integration test, Granger Causality test, ADF unit root test. It concludes with the findings.