A Developing country like India has emerged as one of the favoured destination for foreign investments like FDI and FII. The study makes an effort in order to investigate the relation between foreign capital (FDI and FII) and the Indian stock market (NSE Nifty) between the years 2000 to 2017. Study has made the use of the statistical tools such as Karl Pearson Correlation test and Multiple Regression Model for the purpose of analysis in order to understand the relations between FDI, FII and NSE Nifty in a right way. Results from the study shows that there is a strong positive correlation between FDI and Nifty and also a strong positive relationship between FII and Nifty. Further Multiple Regressions give the results which shows that there is an impact of FDI and FII on the NSE Nifty.