In recent years, especially in the aftermath of the global financial meltdown, the performance of South Asia capital markets has attracted the attention of the researchers and investors across the globe. The resilient shown provides the impetus to examine the efficient market hypothesis in these...

Since last decade or so capital market of India has shown tremendous growth among leading emerging and developed capital markets in the world. Indian capital market has been really boosted up after the reforms of early 1990s, which opened the door for the international investments. The market is...

In last decades financial innovation and the rise of new classes of financial institutions, combined with a change in the trading behavior of traditional institutional investors, have been contributed largely to increased market liquidity. Financial innovation has been considered to lower cost...

Until the 1980s, there was a general disinclination towards foreign investment or private commercial flows as India's development strategy was focused on self-reliance and import substitution and current account deficits were financed largely through debt flows and official development...

Since the implementation of financial reform policy measures in early 1990s, the capital market in India has undergone a radical transformation. Thus, capital market of India presents a picture of better efficiency, liquidity, transparency and regulatory oversight which are instrumental to...