Abstract-A geomagnetic storm is a global disturbance in Earth's magnetic field usually occurred due to abnormal conditions in the interplanetary magnetic field (IMF) and solar wind plasma emissions caused by various solar phenomenon. Furthermore the magnitude of these geomagnetic effects largely depend upon the configuration and strength of potentially geo-effective solar/interplanetary features. In the present study the identification of 220 geomagnetic storms associated with disturbance storm time (Dst) decrease of more than -50 nT to -300 nT, have been made, which are observed during 1996-2007, the time period spanning over solar cycle 23. The study is made statistically between the Dst strength (used as an indicator of the geomagnetic activity) and the peak value obtained by solar wind plasma parameters and IMF B as well as its components. We have used the hourly values of Dst index and the wind measurements taken by various satellites. Our results inferred that yearly occurrences of geomagnetic storms are strongly correlated with 11-year sunspot cycle. We observed that IMF B is highly geo-effective during the main phase of magnetic storms, while it more significant at the time of storm peak, which is further contributed by southward component of IMF Bz, substantiating earlier findings. The correlation between Dst and wind velocity is higher, as compared with IMF Bz and ion density. It has been verified that geomagnetic storm intensity is correlated well with the total magnetic field strength of IMF better than with its southward component.