This research aimed at studying the impact of consumer sentiment Index on NSE Nifty volatility. In order to establish a possible long term and short term relationship we conducted Johansen co-integration test followed by VEC model. The result established that there is long term and short term relationship between NIFTY and Consumer Sentiment Index. The positive result of the Indian context through a light on the ongoing debate where the relationship is not universally accepted in the European and US markets. © Serials Publication Pvt. Ltd.