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 …

This paper investigates the relationship between stock returns and inflation in India during 1991:4 to 2009:3. Weekly … relation between stock returns and inflation in post-reform period in India …) and monthly Consumer Price Index (CPI) are used as measures of inflation. The analysis is also carried for the subperiod …