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http://hdl.handle.net/11718/19038| Title: | Efficiency of Indian capital market |
| Authors: | Thangaraju, R. |
| Keywords: | Indian capital markets |
| Issue Date: | 1999 |
| Publisher: | Indian Institute of Management Ahmedabad |
| Series/Report no.: | SP;001419 |
| Abstract: | The capital market has become one of the measures of economic performance of the country. This study attempts to analyze the behavior of share prices of Indian stocks and to find the weak form of market efficiency by employing the random walk test on adjusted daily closing price (CMIE Data) for each of 30 stocks of the BSE sensitive index, traded on the Bombay Stock Exchange (BSE) as well as BSE sensitive index is the market as a whole, during the period 1. 1. 1996 to 31. 12. 1998. The actual tests are not only performed on the daily prices themselves but also the daily returns. Runs test, Autocorrelation test, and KS test, are performed. The results of the tests support that the Indian stock market is efficient in a weak form. |
| URI: | http://hdl.handle.net/11718/19038 |
| Appears in Collections: | Student Projects |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| SP_1999_1419.pdf Restricted Access | 1.37 MB | Adobe PDF | View/Open Request a copy |
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