With the budget timings coinciding with the market and with the whole world gazing at it with great interest and the ensuing media hype, markets have started reacting to budgets on a real time basis. The growth of technology has added to the cause in a great way. The Union budget creates...

According to Article 112 of the Indian Constitution, the Union Budget of a year is a statement of the estimated receipts and expenditure of the government for that particular year. These estimates help economy and industry to know about approach of the government towards them, which is important...

The budget was announced by Finance Minister P Chidambaram on 28th February 2013. There was mounting of expectations from the budget. The mix kind of feelings arrived from the budget. The SMEs, Rural India, infrastructure, textiles, power, port and defense was the focused area. But the reaction...

We show that the probability of information-based trade (PIN) played a significant role in explaining monthly returns on Shanghai A shares over the period 2001 to 2006. In particular, PIN, as approximated by order imbalance as a proportion of total transactions, appears to explain returns even...