Download or read book Stock Market Volatility in India written by H. Kaur and published by Deep and Deep Publications. This book was released on 2002-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 Volatility in Indian Stock Market written by Salony Kansal and published by . This book was released on 2017 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analysing Volatility of Indian Stock Markets Using EViews written by Prashant Joshi and published by . This book was released on 2014-08-09 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Study of Volatility in Indian Stock Market written by Govind Patra and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive study of Volatility measurement and comparison between cash and futures markets of NSE, Mumbai. Impact of derivatives trade upon cash segment of stock market Determination of market among cash and futures which react to flow of information faster and hence leads the other in a minute wise break up of data Price discovery of futures in Indian stock market. The study offers an insightful look upon the extent to which derivatives trade stabilize or destabilize the underlying cash market and how should these risks be addressed.The study and results of this study are crucial to investors, stock exchange officials, regulators, academicians, practitioners and researchers. Derivatives play an important role in price discovery process and in completing the market. Their role in risk management for institutional investors and mutual fund managers need hardly be overemphasized."

Download or read book VOLATILITY IN INDIAN AND INTERNATIONAL STOCK MARKETS written by Mhalu L and published by . This book was released on 2022-12-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indian Stock Market Volatility in Recent Years written by Amitava Sarkar and published by . This book was released on 2008 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates volatility in Indian stock markets. Specifically, it looks for the possible volatility transmission channel for Indian stock market from the Indian sectoral developments as well as developments in the global market. SENSEX is used as the Indian market index and its response to overseas market indices like Dow Jones, FTSE, BVSP, MerVal, JKSE; further the relationship between SENSEX and domestic sectoral indices have also been examined. As it has been found, the volatility in the developed market indices Granger causes SENSEX volatility, showing a strong existence of a global contagion. SENSEX volatility is also related to some extent to the volatility of Jakarta Stock index, hinting towards some kind of regional contagion. Moreover, as the impulse response function shows, a shock in Dow Jones, Jakarta stock index and BVSP has profound effect on the SENSEX, (Dow Jones having the most important one). As for sources from its domestic sectors, capital goods and consumer durables are the most prominent contributors to the volatility of the SENSEX.

Download or read book Analytical Study on the Impact of Monetary Policy and Stock Market Volatility in India written by Dr. Puja Dua and published by Book Rivers. This book was released on 2023-01-10 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indian Stock Market Volatility written by Pradipta Kumar Sanyal and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volatility in Capital Markets has been an important issue since the development of capital markets across globe, however with the pioneering models by Robert Engle and Bollerslev, the study of stock market volatility has bought new dimensions in the financial literature. This book also emphasizes the study of volatility in Indian Capital Market after the introduction of financial derivatives in comparison to the pre-derivative period. The very purpose of introduction of financial derivatives in Indian Capital Market is to stabilize the price fluctuations. However, it's always been debated concerning the introduction of derivative instruments and their effectiveness in curbing the volatility and through this book a small attempt is being made to emphasize the issue. The book may help Investors, Portfolio Managers, Professional Money Managers, Researchers, Academicians and Policy Makers in understanding the extent to which financial derivative has stabilize the volatility in Indian Stock Market.

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 The Empirical Investigation of Relationship Between Return Volume Volatility in Indian Stock Market written by Gurmeet Singh and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the empirical relationship between return, volume and volatility dynamics of stock market by using data of the NIFTY index of NSE during the period from Jan 2007 to March 2014. The volatility in the Indian stock market exhibits characteristics similar to those found earlier in many of the major developed and emerging stock markets. It is shown that ARCH family models outperform the conventional OLS models. We find that, the TARCH model is better fit, when we compare the GARCH, EGARCH and TARCH models, on the basis of AIC and SC criteria. Causality from volatility to volume can be seen as some evidence that new information arrival might follow a sequential rather than a simultaneous process. Moreover, in the GARCH model, ARCH and GARCH effects remain significant, which highlights the inefficiency in the market. In addition, EGARCH and TARCH models indicate the presence of leverage effect and positive impact of volatility on returns. Finally, the findings of granger causality test records the evidence of one way causality from volatility to trading volume and from return to volume.

Download or read book Volatility of Indian Stock Market and FIIs written by Krishna Reddy Chittedi and published by . This book was released on 2010 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzed a performance of the sensex vs. FIIs in Indian stock market and some of the most talked about movements of sensex starting with the secondary market summary of each year.FII s investments in BSE sensex reveal that the liquidity as well as volatility were highly influenced by FII flows. FIIs are significant factor determining the liquidity and volatility in the stock market prices. After going through all the analysis regarding the stock market in last 2 years, we can say that stock market touched its peak at 21000 but then crashed badly. Though the sensex is a barometer and after seeing such fluctuations one could be afraid of investing. So even after such downturns, we can be hopeful for a positive market.

Download or read book Estimating Stock Return Volatility in Indian and Chinese Stock Market written by Vanita Tripathi and published by . This book was released on 2016 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors step into the stock market with the objective of earning smart returns on their investments. The stock market can help in realising these goals of the investors, however, all investments are subject to risks. The origin of the risk is the uncertainty of realising the desired returns on the investment. This aspect is known as risk of the investment. This paper aims to search the best model to estimate and forecast volatility of Indian and Chinese stock market. The data for the paper is related to the two main indices of Indian Stock Market namely, SENSEX and NIFTY and two indices of Chinese stock market, namely, Shenzhen composite index and Shanghai composite index for the period July 2003 to June 2013. We applied symmetrical as well as asymmetrical GARCH models to the data. Among all the three models i.e. GARCH, EGARCH and TARCH, we found the GARCH (1,1) model as the best model to estimate and forecast the volatility of Chinese stock market for both the daily and weekly return series. For the Indian stock market, the recommended volatility estimation and forecasting model is EGARCH model that captures the leverage effect. We did not find volatility clustering and leverage effect for the monthly return series for both Indian and Chinese stock market. Thus, it is suggested to use the traditional time invariant volatility models for the monthly return series.

Download or read book The Volatility of the Indian Stock Market written by Asima Sarkar and published by Asima Sarkar. This book was released on 2022-11-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the years, Indian stock market has become one of the most attractive markets to study. On the one hand, market efficiency cannot be denied only if the fluctuation in the market is very high, rather it is one of the most important parameters for a market to be efficient and it reflects the transparency of the market. On the other hand, excessive amount of volatility may cause destruction and which may lead to crashes or crises in financial markets. Hence, it is very important to model the volatility of a financial market. Since volatility is the most important characteristic of any stock market and so it must be looked into.

Download or read book INDIAN STOCK MARKET AND INSTITUTIONAL INVESTMENTS written by Dr. Sridhar Ryakala and published by Zenon Academic Publishing. This book was released on 2017-12-01 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global integration, the widening and intensifying of links between high-income and developing countries has accelerated over the years. Over the past few years, the financial markets have become increasingly global. The Indian market has gained from foreign inflows through the investment of Foreign Institutional Investors (FIIs). Following the implementation of reforms in the securities industry in the past few years, Indian stock markets have stood out in the world ranking. During the past few years India has emerged as one of the world’s fastest growing economies. The increasing interest of foreign players in the domestic broking industry is a testimony of the stock market’s growth. The Indian stock market has also received a thrust from rise in business transactions over the years, because of sharp drop in brokerage fees and transaction costs, launch of a slew of new products, and a robust regulatory environment. The importance of institutional investors’ particularly foreign investors is very much evident as one of the routine reasons offered by market analysts’ whenever the market rises, it is attributed to foreign investors' money and no wonder we see headlines like "FIIs Fuel Rally" etc., in the business press. This is not unusual with India alone as today’s most developed economies might have seen a similar trend in the past. Domestic institutional investors on the other hand being another important section of institutional investors are playing a vital role in the Indian stock market. These investors have emerged as important players in the Indian stock market and their activities are influencing the market. There are many instances where this section of investors has stabilized the market conditions on one hand whereas their moves took the market to destabilized position on the other hand. Therefore, both FIIs and DIIs have become the most important determinants in the functioning of the Indian stock market. Thus, increasing role of these institutional investors has brought both quantitative and qualitative developments in the stock market viz., expansion of securities business, increased depth and breadth of the market, and above all their dominant investment philosophy of emphasizing the fundamentals has rendered efficient pricing of the stocks. Hence, there is a need to examine how investments made by these two groups of institutional investors’ impact each other as well as stock market returns. This book is an attempt in that direction.

Download or read book From Stock Market Volatility to Economic Development A Study of the Indian Context written by George Zaad and published by . This book was released on 2023-02-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of stock market in the process of economic development has been well recognised today. thedeveloping countries have started liberalising their financial markets giving considerable importance to the development of stock markets. However, in India stock market remained a dormant part of the financial system until the initiation of the structural adjustment programme . The structural adjustment programme implemented in a gradualistic pattern consisted of comprehensive fiscal, financial and external sector reforms. As part of it capital market reforms were launched.The process of reforms has led to a pace of growth of the stock market unparalleled in the history of any country. Stock market in India has grown exponentially as measured in terms of investor participation, amount raised from the market, number of stock exchanges and other intermediaries, number of listed stocks, trading volumes and turnover on the stock exchanges. Along with these physical changes, there has also been a change in the perception about stock markets and its role in the country's economic development. The present study aims to explore the impact of stock market development on the macro economy of the country, specifically in the post-reform period. It attempts to test the extent to which stock market development affects long-term economic growth, corporate capital structure, and behaviour of retail equity investors. The study also explores the direction of causality between stock prices and major macro economic variables.

Download or read book Momentum Trading on the Indian Stock Market written by Gagari Chakrabarti and published by Springer Science & Business Media. This book was released on 2013-03-27 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is an exploration of the Indian stock market, focusing on the possible presence of momentum trading. One thing, however, should be noted. While it is true that momentum trading, which tends to generate speculative bubbles, may result in a financial market crash, its nature in contrast might depend on the nature of the economy itself. The study, while exploring the presence and nature of momentum trading on the Indian stock market in recent years, seeks to relate it to significant structural breaks in the Indian or global economy. To be precise, it outlines a potential correlation between the instability in the stock market and the speculative trading on the market, exploring the question of whether it is human psychology that drives financial markets. In the process, the choice of a significant structural break has been obvious: the global financial meltdown of 2007-2008 – a crisis that has often been referred to as the worst ever since the crash of 1929. While analyzing the nature of momentum trading on the Indian stock market with regard to the financial crisis of 2007-08, the study takes into account two major representatives of the market, the BSE (Bombay Stock Index) and NSE (National Stock Index), for the period 2005 to 2012. This study seeks to answer a few important questions. First of all, it tries to unveil the underlying structure of the market. In doing so, it examines the following issues: (i) What was the latent structure of the Indian stock market leading up to the crisis of 2007-08? Does the structure offer insights into designing profitable trading strategies? (ii) Is it possible to construct a profitable portfolio on the Indian stock market? (iii) Is there any profitable trading strategy on the Indian stock market? While exploring these issues, the study delves deeper, breaking the whole period down into two sub-periods, before the crisis of 2008 and after the crisis. The purpose of this division is to determine whether there has been any discernible change in the market structure since the shock.