An Analysis of Weak Form Efficiency in Sectoral Indices: A Study with a Special Reference to National Stock Exchange in India
Journal Title: IJAR-Indian Journal of Applied Research - Year 2015, Vol 5, Issue 3
Abstract
Capital market is one of the significant phases of every financial institution and now it’s playing- a stra tegic role in a country’s economic growth. Apprehend that stock market is the backbone of our country it is essential to analyses the weak form efficiency of Indian stock market so as to assess the efficiency of Indian stock market and give suggestions to the investors to make their decisions on their investment. For the purpose of the study, the biggest stock exchange National Stock Exchange has been selected. The study has used the daily closing price of the stock from 1st Apr 2013 to 31st Mar 2014 comprising total of seven sectors. To test the Market Efficiency the study has used both parametric and non parametric tests like Run Test, Autocorrelation, and Augmented Dickey Fuller test. These tests are used to analyze randomness, independence, stationality for the data collected. To test the volatility TGarch has been used. The study reveals drifts in market efficiency which offers investors a diversified way to make their investment activities in effective manner.
Authors and Affiliations
K. Hemalatha, Dr. V. R. Nedunchezian
Keywords
Related Articles
- EP ID EP533696
- DOI -
- Views 30
- Downloads 0
KNOWLEDGE AND AWARENESS OF PROBIOTICS AMONG THE DENTAL STUDENTS IN THODUPUZHA-A QUESTIONNAIRE STUDY
INTRODUCTION : Probiotics can be dened as living microbes,or as food ingredients containing living microbes, that benecially inuence the health of the host.the use of probiotic is said to be an imperative aspect in de...
SOCIO-ECONOMIC CONDITIONS OF WOMEN IN UNORGANISED SECTOR IN TENKASI TALUK OF TIRUNELVELI DISTRICT, TAMILNADU
The unorganised sector of the economy in India is the largest sector in term of employment of the workforce. It consists of agriculture and such related activities as forestry, livestock and non-agriculture. India is a d...
ASSOCIATION OF ANATOMIC VARIANTS OF PARANASAL SINUSES AND CHRONIC SINUSITIS
A case-control study was carried out on 80 patients with a clinical diagnosis of chronic sinusitis who were referred by Department of ENT of tertiary care hospital. The control group (n= 40) were chosen from the same hos...
COMPARISON OF GLYCOSYLATED HAEMOGLOBIN (HbA1c) LEVEL AMONG NON DIABETIC SMOKERS AND NON SMOKERS
Introduction:-Cigarette smoking is associated with an increased risk of Type 2 diabetes mellitus. Glycosylated hemoglobin (HbA1c) is a marker of long-term glucose homeostasis reflecting an average blood glucose concentra...
MESENTERIC VASCULAR OCCLUSION: A THERAPEUTIC CHALLENGE – OUR EXPERIENCE OF FIVE CASES.
Acute mesenteric ischaemia (AMI) is an uncommon event and requires comprehensive clinical care to minimize the morbidities and mortality associated with the condition. SBS is a common occurrence in A M I patients who und...