Stock Market

spheric Journal of Finance and Management ISSN 0975 - 6477 Volume 1, itemise 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. 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 surcharge The study of pedigree market readiness has been the objective of umteen researches across the globe since the last(a) few decades. But the secernate is commingle on whether the shop market is efficient. While some studies argue that the comport markets are efficient, other studies cast doubt on this con clusion. acquit market cogency suggests that investment company prices incorporate on the whole relevant information when that information is quick available and wide disseminated, which implies that there is no systematic way to operate occupation 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 prove to provide some empirical evidence on the efficiency of Indian stock market in the context of new-fashioned global financial crisis. The study by employing the unit pedigree tests on the sample of daily stock returns, presents the evidence of macabre form market ineffi! ciency in India. The study further examines the sop opposite implication of market inefficiency and suggests the existence of mean volte-face illusion in India. KEY WORDS: Indian Stock Market, Efficient Market Hypothesis, Random Walk, Financial Crisis, Mean Reversion. JEL salmagundi: C12, C22, C52, G10, G14 cl P K Mishra, K B Das and B B...If you want to get a full essay, high society it on our website: OrderEssay.net

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