This study examines the relationship of FII flows with firm level stock returns in the Indian equity market. The globalization process and the recent reforms in the Indian financial sector have given the FIIs a strategy for international diversification of portfolios, and for hedging risk. At...

This paper attempts to seek evidence for the weak form efficient market hypothesis using the daily data for stock indices of the National Stock Exchange, Nifty, and the Bombay Stock Exchange, Sensex, for the period of 1999-2004. The random walk hypothesis for the Nifty and the Sensex stock...

This paper attempts to detect the causal relationship and dynamic linkages between the NASDAQ Composite Index in US and the NSE Nifty in India during the period of 1999 to 2004 using intra-daily data. The study carries out a comprehensive analysis using Granger causality, cross correlation and...

The paper attempts to understand the interlinkages and causal relationship between the Nasdaq composite index in the US, the Nikkei in Japan with that of NSE Nifty and BSE Sensex in India during the period January 1999 to August 2004, using daily closing data. The Johansen co-integration test is...

This study investigates the nature of the causal relationships between stock prices and the key macro economic variables representing real and financial sector of the Indian economy for the period March, 1995 to March, 2007 using quarterly data. These variables are the index of industrial...

This paper attempts to seek evidence for the weak form of efficient market hypotheses using the daily data on returns for stock prices of 24 listed firms on the Indian stock market during the period 2000-2004. These 24 firms have a major presence in terms of weights in the indices, trading...

The present study examines the Day-of-the-Week effect anomaly in the Indian equity market during the period of July 1997 to March 2006 using daily data of NSE Nifty and BSE Sensex. The Day-of-the-Week effect implies that the stocks return is not independent of the Day-of-the-Week in which they...