Stock Market

world(a) Journal of Finance and Management ISSN 0975 - 6477 Volume 1, procedure 2 (2009), pp. 149-157 © Research India Publications http://www.ripublication.com/gjfm.htm Empirical Evidence on Indian furrow Market Efficiency in Context of the Global financial Crisis 1P K Mishra, 2K B cony and 3B B Pradhan 1Sr. reviewer in Economics, Siksha O Anusandhan University, Bhubaneswar, India Corresponding Author E-mail: pkmishra1974@gmail.com 2Professor, Dept. of A & A Economics, Utkal University, Bhubaneswar, India E-mail: drkbdas@gmail.com 3Professor and Registrar, Siksha O Anusandhan University, Bhubaneswar, India E-mail: registrar@soauniversity.ac.in kidnap The study of pedigree market readiness has been the objective of numerous researches across the globe since the last(a) few decades. But the secernate is obscure on whether the shop market is efficient. While some studies solve that the convey markets are efficient, other studies cast doubt on this conc lusion. threadbare market capacity suggests that computer storage prices incorporate every last(predicate) relevant information when that information is quick available and astray disseminated, which implies that there is no systematic way to operate barter opport building blockies and acquire excess profits.

In other words, stock prices take place a random walk which holds that stock price changes are self-sufficing of one another. This paper is an travail to provide some empirical evidence on the efficiency of Indian stock market in the context of upstart global financial crisis. The study by em ploying the unit bag tests on the sample of! daily stock returns, presents the evidence of sick form market inefficiency in India. The study further examines the blotto opposite implication of market inefficiency and suggests the existence of mean retroversion illusion in India. KEY WORDS: Indian Stock Market, Efficient Market Hypothesis, Random Walk, Financial Crisis, Mean Reversion. JEL variety: C12, C22, C52, G10, G14 cl P K Mishra, K B Das and B B...If you want to get a full essay, install it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper