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environment. The mergers and acquisitions in India have changed dramatically after the liberalization of Indian economy. To assess …
Persistent link: https://www.econbiz.de/10013127760
Financial integration is one of the buzz words in financial world. The co movement of share prices across the stock markets in the world is a frequently experienced phenomenon. Especially during the times of crisis it is observed that the stock markets crash together. The oil crisis of 1973, the...
Persistent link: https://www.econbiz.de/10013131103
In this paper, we provide evidence that the opening stock price contains noise on an everyday basis among all the NIFTY companies. However, we also find that the impact of noise does get eliminated from prices at the end of the trading day. We show how these seemingly contradictory twin...
Persistent link: https://www.econbiz.de/10013134438
This paper investigates the presence of day-of-the-week effect, returns volatility and analyzes the annual returns of Bombay Stock Exchange. A set of parametric and nonparametric tests is used to test equality of mean returns and standard deviations of the returns across the-days-of-the-week. To...
Persistent link: https://www.econbiz.de/10013104438
A stock's liquidity and its variability over time are of major concern for all the stakeholders of capital markets. Literature shows that market participants prefer liquid stocks and a stock's exposure to liquidity commonality is inversely proportional to market returns. Although the burgeoning...
Persistent link: https://www.econbiz.de/10013082969
Short term momentum effect claims that recent past winners tend to outperform the market whereas recent past losers tend to underperforms the market. Therefore by definition it challenges the efficient market hypothesis, which is of the view that future returns cannot be predicted by using past...
Persistent link: https://www.econbiz.de/10013073262
The present study is an exploratory study on Elliott waves. The primary objective of the study is to find whether there is significant occurrence of defined patterns, particularly Elliott waves, in Indian stock markets.The study has introduced an innovation whereby charting patterns are...
Persistent link: https://www.econbiz.de/10013159317
Economic status of India is greatly imitated by the introduction of new economic policy in 1991. The Indian Capital … the developing countries, India has received considerable capital inflows in recent years. We apply the GARCH (1, 1 … indicates a long persistence of volatility in Indian stock market especially National Stock Exchange (NSE) of India. The …
Persistent link: https://www.econbiz.de/10012894448
This study aims to test one of the most widely used asset pricing models – the Three-factor capital asset pricing model on the developing market of Indian equities. The study uses a sample of 29 companies from the Bombay stock exchanges SENSEX index covering the 5-year period of 2011-2016....
Persistent link: https://www.econbiz.de/10012942224
This study investigates whether Friday effect exist in Bombay Stock Market. The weekend Effect or Day of the Week Effect has been a hot research topic among academicians for decades. The most popular Anomaly is the Friday Effect, meaning that the Friday's Average Return is significantly higher...
Persistent link: https://www.econbiz.de/10012825761