Stock Market

spherical Journal of Finance and Management ISSN 0975 - 6477 Volume 1, come 2 (2009), pp. 149-157 © Research India Publications http://www.ripublication.com/gjfm.htm Empirical Evidence on Indian furrow Market Efficiency in Context of the Global financial Crisis 1P K Mishra, 2K B dassie and 3B B Pradhan 1Sr. subscriber in Economics, Siksha O Anusandhan University, Bhubaneswar, India Corresponding Author E-mail: pkmishra1974@gmail.com 2Professor, Dept. of A & A Economics, Utkal University, Bhubaneswar, India E-mail: drkbdas@gmail.com 3Professor and Registrar, Siksha O Anusandhan University, Bhubaneswar, India E-mail: registrar@soauniversity.ac.in knock off The study of pedigree market readiness has been the objective of many researches across the globe since the last(a) few decades. But the secernate is assorted on whether the shop market is efficient. While some studies intermit that the linage markets are efficient, other studies cast doubt on this co nclusion. stock up market readiness suggests that furrow prices incorporate all told relevant information when that information is quick available and widely disseminated, which implies that there is no systematic way to operate craft opport building blockies and acquire excess profits.

In other words, stock prices take place a random walk which holds that stock price changes are self-sufficing of one another. This paper is an essay to provide some empirical evidence on the efficiency of Indian stock market in the context of new-fangled global financial crisis. The study by employing the unit sta rt tests on the sample of daily stock retur! ns, presents the evidence of grisly form market inefficiency in India. The study further examines the rigid opposite implication of market inefficiency and suggests the existence of mean reversal illusion in India. KEY WORDS: Indian Stock Market, Efficient Market Hypothesis, Random Walk, Financial Crisis, Mean Reversion. JEL categorization: C12, C22, C52, G10, G14 cl P K Mishra, K B Das and B B...If you want to get a full essay, nightclub it on our website: OrderCustomPaper.com

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