The Impact of Risk Anomalies on the Pharmaceutical Sector of the Indian Stock Market : A Comparative Analysis Between Pharmaceutical, FMCG and IT Companies

The main purpose of this research article is to provide a comparative framework on various implications of risk anomalies on Indian stock market based on an empirical study for the following sectors: Pharmaceutical, FastMoving Consumer Goods (FMCG) and IT. Risk anomaly is a notable anomaly because it is continual and allinclusive. This research study aims to examine the existence of risk anomaly in the National Stock Exchange, India, and in particular providing a comparative analysis on the behavior of the pharmaceutical sector in India