Download or read book Testing the Dynamics in the Irregular Fluctuations in the Stock Price Changes of Indian Stock Market written by Dilip Kumar and published by . This book was released on 2013-10 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper from the year 2013 in the subject Economics - Finance, grade: 8, language: English, abstract: Stock price changes generally fluctuate stochastically. The purpose of this paper is to investigate whether the stochastic fluctuations in the stock price changes are random or have some kind of dynamics in the context of Indian stock market using a recently developed method, a small shuffle surrogate method, on daily data of six indices of National Stock Exchange of India Ltd (S&P CNX Nifty, CNX 100, S&P CNX 500, CNX Nifty Junior, CNX Midcap, CNX Smallcap). The study of dynamics in irregular fluctuations of asset price changes has implications related to risk management, asset allocation and trading strategies. A small shuffle surrogate method does not depend on any specific data distribution. Our findings support the presence of dynamics in the stock price changes of S&P CNX 500, CNX Nifty Junior, CNX Midcap and CNX Smallcap. On the other hand, price changes in S&P CNX Nifty and CNX 100 exhibit random behaviour. To test the robustness of the results, we also compute the variance ratio of the stock price changes over different asset holding periods. The result from the variance ratio test also supports the findings of small-shuffle surrogate analysis for all indices.

Download or read book Testing the dynamics in the irregular fluctuations in the stock price changes of Indian stock market written by Dilip Kumar and published by GRIN Verlag. This book was released on 2013-10-09 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2013 in the subject Economics - Finance, grade: 8, , language: English, abstract: Stock price changes generally fluctuate stochastically. The purpose of this paper is to investigate whether the stochastic fluctuations in the stock price changes are random or have some kind of dynamics in the context of Indian stock market using a recently developed method, a small shuffle surrogate method, on daily data of six indices of National Stock Exchange of India Ltd (S&P CNX Nifty, CNX 100, S&P CNX 500, CNX Nifty Junior, CNX Midcap, CNX Smallcap). The study of dynamics in irregular fluctuations of asset price changes has implications related to risk management, asset allocation and trading strategies. A small shuffle surrogate method does not depend on any specific data distribution. Our findings support the presence of dynamics in the stock price changes of S&P CNX 500, CNX Nifty Junior, CNX Midcap and CNX Smallcap. On the other hand, price changes in S&P CNX Nifty and CNX 100 exhibit random behaviour. To test the robustness of the results, we also compute the variance ratio of the stock price changes over different asset holding periods. The result from the variance ratio test also supports the findings of small-shuffle surrogate analysis for all indices.

Download or read book Stock Market Efficiency and Price Behaviour written by O. P. Gupta and published by . This book was released on 1989 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indian Stock Market and Investors Strategy vol 1 written by Dr.Priya Rawal and published by Dr.Priya Rawal. This book was released on 2015-10-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock Market is the mitigation of risk through the spreading of investments across multiple entities, which is achieved by the pooling of a number of small investments into a large bucket. Stock Market is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed portfolio at a relatively low cost.

Download or read book Investment Performance Of Equity Shares written by Hari Om Chaturvedi and published by Anmol Publications PVT. LTD.. This book was released on 1999-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book, Based On The Doctoral Research, Analyses Stock Price Behaviour Around The Announcement Of Half-Yearly Financial Results By Companies. The Objective Has Been To Discover Investment Strategies To Beat-The-Market Using Earnings Information. The Statistical Analysis Of The Stock Price Reaction To Earnings Announcement Carried Out In This Study Has Strong Implications For Security Analysis, Portfolio Management, Efficiency Of Information Processing Market And Many Other Allied Issues. Both Academicians And Professionals Will Find This Book Interesting.

Download or read book Semi Strong Form Efficiency of Indian Stock Market in Post Reform Period written by Dr Madhuchhanda Lahiri and published by Walnut Publication. This book was released on 2021-06-26 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficient Market Hypothesis is an elegant edifice that provides a basis on which the efficiency tests of a stock market are performed at three distinct levels: weak - form, semi-strong form and strong - form. This magnificent edifice of EMH rests on the Random Walk Theory which contends that all price changes reflect a random departure from previous prices. The weak form of the hypothesis states that prices efficiently reflect all information contained in the past series of stock prices whereas the semi-strong form efficiency contends that security prices factor in publicly available information in the market and that the price changes to new equilibrium levels are reflections of that information. The book checks the weak-form and semi-strong form efficiency of the Indian stock market by examining the behaviour of the stock prices in the Indian stock market after the introduction of the various financial sector reforms using different methodologies. By using NSE data over the period 1998-2005 - the period which witnessed some major crises, scams, intense capital market activities and introduction of many new financial instruments - the study examines the information contents of historical stock price data, quarterly earnings announcements, and stock splits. The book also checks for the presence of the Day-of- the- Week Effect in the Indian stock market and enquires whether the introduction of the various instruments and policy changes have made the Indian stock market weak-form and semi-strong form efficient i.e., whether the efficiency of the stock market has been restored in the post-reforms period compared to the situation in the pre-reform period.

Download or read book Functional Instability or Paradigm Shift written by Amitava Sarkar and published by Springer Science & Business Media. This book was released on 2012-03-13 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study investigates the working of the Indian stock market in recent years and attempts to look for functional instability, if any, embedded in the stock market. Specifically, it explores to discern whether there been any significant change in recent years in Indian stock market and the nature and characteristics of such changes, if any. It chooses the nine year period from 1999 to 2008. Over this period, stock market witnessed some major price changes: one in late 1999 that ended in mid 2001, another that commenced from mid 2004 and a recent one that in effect commenced from early 2008. There is significant volatility in the market with presence of risk premium;there is asymmetric impact. The market responds more to the negative shocks. The global stock market is having its influence on Indian stock market. The impact of developed country effect, particularly, that of US stock market has been the most prominent. There is some evidence for regional contagion. When we look at the domestic sectors, we see that the traditional sectors, -Capital Goods and Consumer Durables,are the two most predominant sectors. Other sectors, particularly the IT sector, have only a mild, almost insignificant impact on market volatility and transmits very little of its volatility to other sectors.

Download or read book Analyzing Stock Price Behavior in Stock Market written by Anusha Bardia and published by Ary Publisher. This book was released on 2023-06-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This critical analysis delves into the intricate dynamics of stock price behavior in the Indian stock market, with a specific emphasis on banking companies. By employing meticulous research and comprehensive data analysis, this study aims to uncover the underlying factors influencing the stock prices of banking companies in India. The analysis incorporates a wide range of quantitative and qualitative methodologies to gain a deeper understanding of the stock market behavior. It examines key variables such as market trends, economic indicators, regulatory policies, and financial performance metrics specific to the banking sector. By scrutinizing these factors, the study aims to identify patterns, correlations, and anomalies in stock price movements. Furthermore, this analysis emphasizes the significance of banking companies within the Indian stock market. Given their integral role in the economy, the performance and behavior of banking stocks can have profound implications for investors, financial institutions, and the overall market stability. By examining this sector, the analysis sheds light on the broader trends and characteristics of the Indian stock market as a whole. Overall, this critical analysis aims to provide valuable insights into the stock price behavior of banking companies in the Indian stock market. By critically evaluating the underlying factors and conducting a thorough examination, this study contributes to the understanding of the dynamics and trends within the banking sector, enabling investors and market participants to make informed decisions.

Download or read book An Empirical Study on the Dynamic Relationship Between Oil Prices and Indian Stock Market written by Tarak Nath Sahu and published by . This book was released on 2017 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose- This study aims to investigate the dynamic relationships between oil price shocks and Indian stock market.Design/methodology/approach- The study used daily data for the period starting from January 2001 to March 2013. In this study, Johansen's cointegration test, vector error correction model (VECM), Granger causality test, impulse response functions (IRFs) and variance decompositions (VDCs) test have been applied to exhibit the long-run and short-run relationship between them.Findings- The cointegration result indicates the existence of long-term relationship. Further, the error correction term of VECM shows a long-run causality moves from Indian stock market to oil price but not the vice versa. The results of the Granger causality test under the VECM framework confirm that no short-run causality between the variables exists. The VDCs analysis revealed that the Indian stock markets and crude oil prices are strongly exogenous. Finally, from the IRFs, analysis revealed that a positive shock in oil price has a small but persistence and growing positive impact on Indian stock markets in short run.Originality/value- The study would enhance the understandings of the interaction between oil price volatilities and emerging stock market performances. Further, the study would enable foreign investors who are interested in Indian stock market helps in understanding the conditional relationship between the variables.

Download or read book Indian Stock Market written by Bishnupriya Mishra and published by Excel Books India. This book was released on 2008 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian Capital Market is considered the second largest capital market in the world next only to the United States of America. Stock Markets in India have grown exponentially as measured in terms of the number of listed companies, market capitalization, turnover on stock exchanges, price indices and others. In terms of reforms and development, the Indian stock market has been the fastest to grab every opportunity presented by the paradigm shift in India's economic policy. A well-organized and well-regulated capital market facilitates sustainable development of the economy by providing long-term funds in exchange for financial assets to investors. This book is based on a collection of chapter-contributions from leading academicians on relevant, authoritative and thought provoking aspects of Indian Stock Market. It contains both conceptual and empirical studies so as to enable the reader to acquire a holistic view of the subject. This book is designed to meet the requirements of MBA students specializing in the area of Finance, students of CA/ICWA, students of M.Com/B.Com, academicians, researchers, practitioners and investors in general.

Download or read book Behaviour of Share Prices in India written by O. P. Gupta and published by . This book was released on 1985 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Co Movements of the Indian Stock Market with Select Developed Markets written by A. Sudhakar and published by . This book was released on 2015 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study is carried out to test the co movements of Indian stock market with select major developed markets over the globe. Various techniques like the Unit Root test, Cointegration test, Causality test, Vector Auto Regression, Impulse Responses. Variance Decomposition and Vector Error Correction are conducted on the sample. India has been influenced by and is influencing most of the countries selected for the study. This proves the impact of cointegration among the global markets.

Download or read book Anatomy of Global Stock Market Crashes written by Gagari Chakrabarti and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is an exploration of the global market dynamics, their intrinsic natures, common trends and dynamic interlinkages during the stock market crises over the last twelve years. The study isolates different phases of crisis and differentiates between any crisis that remains confined to the region and those that take up a global dimension. The latent structure of the global stock market, the inter-regional and intra-regional stock market dynamics around the crises are analyzed to get a complete picture of the structure of the global stock market. The study further probing into the inherent nature of the global stock market in generating crisis finds the global market to be chaotic thus making the system intrinsically unstable or at best to follow knife-edge stability. The findings have significant bearing at theoretical level and on policy decisions.

Download or read book Volatility in Indian Stock Markets written by Piyush K. Chowhan and published by . This book was released on 2003 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ups and downs of the financial markets are always in the news. After all, there's plenty to report. Wide price fluctuations are a daily occurrence on the world's stock markets as investors react to economic, business, and political events. Of late, the markets have been showing extremely erratic movements, which are in no way tandem with the information that is fed to the markets. Thus chaos prevails in the markets with investor optimism at unexpected levels. Irrational exuberance has substituted financial prudence. Has the stock market volatility increased? Has the Indian market developed into a speculative bubble due to the emergence of quot;New Economyquot; stocks? Why is this volatility so pronounced? In this paper we try to analyse these questions in the context of Indian stock markets. We try to unearth the rationale for these weird movements. We examine the fundamentalist view put forward by economists who argue that volatility can be explained by Efficient Market Hypothesis. On the other hand, the view that volatility is caused by psychological factors is tested. An empirical study of BSE Sensex and a set of representative stocks are carried out to find the changes in their volatility in the last two years. The stock market regulation in introduction of rolling settlement and dematerialization as a measure of reducing volatility is put to test. Thus, the paper will help the investors as well as market regulators to make the markets more efficient.

Download or read book An Analysis of Price Volatility Trading Volume and Market Depth of Stock Futures Market in India written by Srinivasan Kaliyaperumal and published by GRIN Verlag. This book was released on 2018-03-13 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2010 in the subject Business economics - Investment and Finance, , course: Ph. D, language: English, abstract: Every modern economy is based on a sound financial system and acts as a monetary channel for productive purpose with effecting economic growth. It encourages saving habit by throwing open and plethora of instrument avenues suiting to the individuals requirements, mobilizing savings from households and other segments and allocating savings into productive usage such as trade, commerce, manufacture etc. Thus a financial system can also be understood as institutional arrangements, through which financial surpluses are mobilized from the units generating surplus income and transferring them to the others in need of them. In nutshell, financial market, financial assets, financial services and financial institutions constitute the financial system. The activities include exchange and holding of financial assets or instruments of different kinds of financial institutions, banks and other intermediaries of the market. Financial markets provide channels for allocation of savings to investment and provide variety of assets to savers in various forms in which the investors can park their funds. At the same time, financial market is one that integral part of the financial system which makes significant contribution to the countries’ economic development. It establishes a link between the demand and supply of long-term capital funds. The economic strength of a country depends squarely on the state of financial market, apart from the productive potential of the country. The efficient allocation of fund by the capital market depends on the state of capital market. All the countries therefore focus more on the functioning of the capital market. Indian financial market has faced many challenges in the process of effecting more efficient allocation and mobilization of capital. It has attained a remarkable degree of growth in the last decade and in continuing to achieve the same in current decade also. Opening up of the economy and adoption of the liberalized economic policies have driven our economy more towards the free market. Over the last few years, financial markets, more specifically the security market were experiencing a lot of structural and regulatory changes. The major constituents of financial market are money market and the capital market catering to the type of capital requirements.

Download or read book Evidence for Seasonality and Changes in Seasonal Trends in Indian Stock Market written by Shilpa Lodha and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Seasonality in stock markets is a regular and repetitive phenomenon occurring at some regular intervals of time, which may generate abnormal or excess returns. This paper explores the existence of seasonality in Indian stock market in four forms, namely, day-of-the-week effect, month-of-the-year effect, quarterly effects, and monthly effects. For this purpose, S&P CNX Nifty was taken as the sample. The daily closing, opening, high and low prices were collected from November 3, 1995 to May 31, 2013. ADF test was used for checking stationarity, whereas a dummy variable regression was used for testing seasonality. It was found that all the four effects are present in the Indian stock market. The returns of September, Monday, first quarter and first-half of the month were significantly different. Thus the existence of seasonality in Indian stock markets was proved. All the four effects tested for Nifty indicate that seasonality has changed over the years.

Download or read book Bubble written by Madhusudan Karmakar and published by Daya Books. This book was released on 1999 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: