This study investigates the reaction of stock returns to the inflation announcement using time series data from 2012 to … 2018. To check the market efficiency or semi-strong efficiency of the Indian Stock Market for inflation announcement, we … have used an event study methodology. We selected nine events based on consensus estimate and actual inflation number; we …

inflation numbers. In order to achieve the objective of the study, all the sectoral indices have been taken in the study except … relationship between inflation and sectoral indices returns. The findings of the study put forth that most of the indices do … possess statistically significant relationship with inflation numbers …