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...

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 non parametric tests is used to test equality of mean returns and standard deviations of the returns across the-days-of-the-week....