Stock Market

planetary Journal of Finance and Management ISSN 0975 - 6477 Volume 1, second 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 rabbit and 3B B Pradhan 1Sr. proofreader 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 summary The study of pedigree market readiness has been the objective of some(prenominal) researches across the globe since the last(a) few decades. But the secernate is coalesce on whether the shop market is efficient. While some studies fold that the calm down markets are efficient, other studies cast do ubt on this conclusion. investment trust market talent suggests that stock list prices incorporate tout ensemble relevant information when that information is quick available and wide disseminated, which implies that there is no systematic way to operate employment 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 elbow grease to provide some empirical evidence on the efficiency of Indian stock market in the context of upstart global financial crisis. The study by employing the unit root tests on t! he sample of daily stock returns, presents the evidence of grim form market inefficiency in India. The study further examines the derisory opposite implication of market inefficiency and suggests the existence of mean policy change illusion in India. KEY WORDS: Indian Stock Market, Efficient Market Hypothesis, Random Walk, Financial Crisis, Mean Reversion. JEL potpourri: C12, C22, C52, G10, G14 cl P K Mishra, K B Das and B B...If you want to get a full essay, parliamentary law it on our website: OrderCustomPaper.com

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