To meet the increasing demand for Shariah Compliant Investment Avenues in equity markets, number of Islamic Indices have been launched worldover. As on today there are hundreds of Shariah Compliant Indices launched in different countries. Dow Jones and FTSE Global were the first to launch the...

To meet the mounting demand for Shariah Compliant Investment Avenues in equity markets, hundreds of Islamic Indices have been launched world over. Dow Jones and FTSE Global were the first to launch the Shariah Compliant Index namely DJIMI and FTSE Global Islamic Index Series (GIIS). While a...

This paper is intended to study the impact of various macroeconomic variables on Indian stock market. Based on the Arbitrage Pricing Theory (APT) propounded by Ross in 1976 and various other studies, a number of macroeconomic variables including, inflation, industrial production, exchange rate,...

Over the past three decades, Operational risk has evolved as a disastrous risk threatening the survival of financial industry globally. There is now a shift in treatment of this risk from being considered merely an idiosyncratic type to a systemic risk category. These changes have triggered a...

The belief that stock market provides hedge against inflation has been put to test by many researchers over the past few decades. The present study aims at testing the Fisher effect in the Indian context. We have used monthly data, from July 2006 to June 2016, of the National Stock Exchange...

CAPM has been a great milestone in asset pricing theory, explaining the risk-return characteristic of financial assets. However, over a few decades the validity of CAPM has been put to test by a large number of researchers. In this study, we test the validity of CAPM in India on the stocks...

Volatility is an important component in risk return analysis of financial assets. It imparts liquidity to the financial system and also serves as an information source for rational decision making. Since the latter half of the 20th century, volatility in stock returns has been found to be time...

Stock returns have been long considered as hedge against inflation. However, a large amount of evidence favors a negative relationship between inflation and stock returns. This paper investigates the dynamics of Inflation Risk in the Indian and Chinese stock market. The period for the study has...

As a temporary endeavor, every project is aimed to develop a distinctive product or service with a well defined beginning and end, often constrained by funding and deliverables, to meet specific goals and objectives, typically bringing value additions. Planning, coordinating and controlling the...