Stock Market

international Journal of Finance and Management ISSN 0975 - 6477 Volume 1, list 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 das and 3B B Pradhan 1Sr. reader 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 vellicate The study of pedigree market readiness has been the objective of more researches across the globe since the last(a) few decades. But the secernate is mix on whether the shop market is efficient. While some studies reason that the entrepot markets are efficient, other studies cast doubt on this conclusi on. tired market efficacy suggests that rake prices incorporate all in all relevant information when that information is quick available and wide disseminated, which implies that there is no systematic way to operate transaction 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 endeavor to provide some empirical evidence on the efficiency of Indian stock market in the context of upstart global financial crisis. The study by employing the unit showtime te sts on the sample of daily stock returns, p! resents the evidence of unbalanced form market inefficiency in India. The study further examines the steady opposite implication of market inefficiency and suggests the existence of mean turnround illusion in India. KEY WORDS: Indian Stock Market, Efficient Market Hypothesis, Random Walk, Financial Crisis, Mean Reversion. JEL classification: C12, C22, C52, G10, G14 cl P K Mishra, K B Das and B B...If you want to get a full essay, array it on our website: OrderCustomPaper.com

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