Purpose -The purpose of this paper is to test the long-term effects of price and volume with the help of Downward Sloping Demand Curve (DSDC) hypothesis, and also the short-term price and volume effects with the help of Price Pressure Hypothesis (PPH) for the index revisions on the S&P CNX Nifty...

Stock index reorganizations are monitored by the investors, since the firms' earnings are expected to be impacted by these reorganizations, which in turn affect the firm performance. This study examines the extent of change in firm's performance attributed to revisions to the CNX NIFTY index...