This study investigates the effect of oil prices, exchange rate and interest rate on the Indian stock market with the help of ARDL Bounds test approach on monthly time series data from April 2000 to March 2024.The empirical results confirmed co-integration between the selected variables and the stock market, which is indicative of a long-run relationship. Further, the oil prices as well as the exchange rate were found to be significant and positively related to the stock market in the long run whereas interest rate was found to be significant and negatively related. The coefficient of error correction term was negative and significant which confirms convergence towards the long-run equilibrium.