This paper explores the relationship between the commodity market and equity market in India. The study specifically focuses on the MCX Commodity Index and the NIFTY 50 index, which represents the equity market in India. The research period spans from April 1, 2018, to March 31, 2022. To analyze the relationship between these markets, the study employs various econometric tools. Initially, the researchers assess the stationarity of the variables using the Augmented Dickey Fuller Test. The findings of the study will be helpful for investors to plan their investment avenues. The study will be helpful for policy makers to strengthen the stock and commodity markets.