On the Random Walk Characteristics of Stock Retuns in India

An attempt is made in this paper to examine whether stock returns in two premier two exchanges in India namely, Bombay Stock Exchange (BSE), and National Stock Exchange (NSE) follow a random walk. Towards this end, data on major indices during the period 1997 to 2009 are analyzed by using non-parametrics Runs and BDS tests. The findings of the study reveal that the stock returns do not follow random walk during the sample period

MoreLess

Year of publication:	2011
Authors:	Hiremath, Gourishankar S.
Other Persons:	Sadat, Anver (contributor) ; Kamaiah, Bandi (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Indien \| India \| Random Walk \| Random walk \| Börsenkurs \| Share price

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Artha Vijnana, Vol. LI, No. 1, pp 85-96, March 2009 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1, 2009 erstellt
Classification:	G14 - Information and Market Efficiency; Event Studies ; G12 - Asset Pricing ; C14 - Semiparametric and Nonparametric Methods ; c58
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013128783