Download or read book Prices Expectations and the Performance of the Indian Stockmarket written by Deep Chand Kapur and published by . This book was released on 1988 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 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 Indian Stock Market and Investors Strategy written by Dr.Priya Rawal and published by Dr.Priya Rawal. This book was released on 2015-04-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment raises the level of aggregate demand which in turn increases the level of income and employment in the economy. With changes taking place at terrific pace in the field of investments, it has become a specialized activity demanding scientific plans and procedures for success. Availability of large number of innovative product alternatives has added complexity to the process. One is therefore required to master the science of investing in order to optimize his investment function. Since equity share is one of the important media of investments among the aforementioned group a study shall definitely help the investors to acquire substantive knowledge on equity investment management and can devise active investment strategies in accordance with their investment objectives and resource constraints.

Download or read book Indian Stock Market written by Gourishankar S. Hiremath and published by Springer Science & Business Media. This book was released on 2013-10-28 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: India is one of the major emerging economies of the world and has witnessed tremendous economic growth over the last decades. The reforms in the financial sector were introduced to infuse energy and vibrancy into the process of economic growth. The Indian stock market now has the largest number of listed companies in the world. The phenomenal growth of the Indian equity market and its growing importance in the economy is indicated by the extent of market capitalization and the increasing integration of the Indian economy with the global economy. Various schools of thought explain the behaviour of stock returns. The Efficient Market Theory is the most important theory of the School of Neoclassical Finance based on rational expectation and no-trade argument. The book investigates the growth and efficiency of the Indian stock market in the theoretical framework of the Efficiency Market Hypothesis (EMH). The main objective of the present study is to examine the returns behaviour in the Indian equity market in the changed market environment. A detailed and rigorous analysis, made with the help of the sophisticated time series econometric models, is one of the key elements of this volume. The analysis empirically tests the random walk hypothesis and focuses on issues like nonlinear dynamics, structural breaks and long memory. It uses new and disaggregated data on recent reforms and changes in the market microstructure. The data on various indices including sectoral indices help in measuring the relative efficiency of the market and understanding how liquidity and market capitalization affect the efficiency of the market.

Download or read book Expected Rates of Equity Returns written by Shveta Singh and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This purpose of this paper is to present the expected equity returns for the Indian stock market for the benefit of investors, who may then compare such returns with actual market returns to evaluate whether the Indian stock market provides returns in excess of expectations. Both the capital asset pricing model (CAPM) which is based on systematic risk and the risk premium approach which is based on unsystematic risk, have been used to compute expected returns. The CAPM appears to be an appropriate model to calculate expected returns emanating from the Indian stock market. The average expected returns are 13.47 per cent and the average market index returns are 16.46 per cent, indicative of the market being able to perform better than the expected returns by the technical investors.The average cost of equity (ke) for the sample companies based on the risk premium approach is also around 14 per cent (13.75 per cent). The Indian equity market continues to be an attractive investment destination for both fundamental (long-term) and technical (short-term traders) investors. However, in the presence of volatility in the short-run which increases the risk, it would perhaps be prudent to invest in the long-run. As is evident from the literature reviewed, this is perhaps the first time expected Indian stock market returns are presented and computed through both the CAPM and the risk premium approach.

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 Indian Stock Market Asset Price Behaviour and Market Efficiency written by Amanullah S and published by . This book was released on 2022-11-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock market plays a more vital role in a nation's economy than just mobilize new capital A healthy national stock market has been considered essential to national economic growth due to its different bundle of crucial services that stimulate the accumulation of capital and contribute to improvements in productivity. An efficient market, with a good banking system, thus enables not only to promote economic growth but also to predict it. Indicators such as capitalization, liquidity, asset pricing and turnover relating to stock market operations have been used to understand whether a national economy is proceedingon sound lines or not. Further, economic development also induces stock market development which in turn provides the means to predict future rates of growth in capital, productivity and per capita GDP.

Download or read book Information Efficiency of Indian Stock Markets written by Renuka Sharma and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a great pleasure to present my book entitled Information Efficiency of Indian Stock Markets. 1.Information Efficiency of Indian Stock Markets - Volume I (Test of Weak Form Efficiency) 2.Information Efficiency and Indian Stock Markets- Vol. II (A Test of Semi Strong Form Efficiency) The book represents the research findings of information efficiency of Indian bourses during various market phases. Volume I of the book discusses in detail the random behavior of stock prices on Indian stock markets and tells the intensity of weak form efficiency. Volume II of the book has shown the impact of various corporate announcements on the movement of stock prices. As the emerging economies give the highest rate of return on the investment in stock market products but the existing non random character of the stock prices may result in irrational movement of the market therefore the investors need to understand the prevailing efficiency in the stock price behavior. The findings will help the reader to understand the efficiency of Indian stock markets in weak form and semi strong form of EMH.

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 Forecasting India s NIFTY IT Index written by Rajveer Rawlin and published by . This book was released on 2021-05-28 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1, language: English, abstract: The purpose of this research is to forecast the following day's closing price for a specific share of a company in the stock market using the "Hidden Markov Model". In this paper, the "Hidden Markov Model" is used to predict some of the stocks of interconnected airline markets. The researchers have developed the "Hidden Markov Model" for forecasting time series. As a result of its ability to model dynamic systems, this model is widely used for the recognition of model and problem classifications. In this article, the researchers examined trends in the historical data set. They inserted the appropriate neighboring prices to the datasets and predicted the next day's exchange. Data collection was secondary. The secondary market was collected from Southwest Airlines for 1.5 years (approximately) from September 17, 2002, to December 16, 2004. The observations of the input data are continuous rather than discrete. The sample size is 4 airline firms (British Airlines, Delta Airlines, Southwest Airlines, and Ryanair Holdings Ltd.) The NIFTY IT index captures the performance of the Indian Information Technology (IT) companies. The NIFTY IT index consists of 10 companies listed on the National Stock Exchange (NSE). The IT sector in India has been recording tremendous growth over the years, where it accounts for a growth rate of 7.5 percent per annum. Time series analysis is a statistical tool that can be used in forecasting the prices of financial assets. In the current study, the NIFTY IT index was forecasted from past data collected over a 10 year period spanning from 2011 to 2020. An ARIMA model is fit and used to forecast the NIFTY IT index. Forecasted values were different from actual prices, suggesting that more influencing independent variables must be include, to improve the model accuracy.

Download or read book Indian Stock Returns and Macroeconomics written by Shivi Suhag and published by . This book was released on 2023-07-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian stock returns refer to the performance or profitability of the Indian stock market over a certain period. It is a measure of the gains or losses an investor realizes from investing in Indian stocks. Stock returns can be calculated by comparing the current price of a stock with its purchase price, including any dividends received during the holding period.Macroeconomics, on the other hand, is a branch of economics that deals with the overall performance and behavior of the economy as a whole. It focuses on studying aggregates such as GDP (Gross Domestic Product), inflation, unemployment, interest rates, and other macroeconomic indicators to understand the functioning of the economy and make policy recommendations.The relationship between stock returns and macroeconomics is complex and intertwined. Macroeconomic factors play a significant role in influencing stock market performance. Here are some key macroeconomic variables that impact Indian stock returns: 1. GDP Growth: High GDP growth is generally associated with increased corporate profits and positive investor sentiment, leading to higher stock returns. Conversely, low or negative GDP growth can dampen investor confidence and result in lower stock returns.2. Inflation: Inflation refers to the general increase in prices of goods and services over time. Moderate inflation can be conducive to stock market performance as it indicates a growing economy. However, high inflation can erode purchasing power and negatively impact corporate profitability, leading to lower stock returns.3. Interest Rates: Changes in interest rates have a direct impact on the cost of borrowing and the attractiveness of different investment options. Lower interest rates generally favor stock market investments as they make equities more attractive relative to fixed-income securities. Conversely, higher interest rates may reduce stock market returns as investors shift towards safer fixed-income investments.4. Monetary Policy: The policies implemented by the Reserve Bank of India (RBI), such as adjustments to the repo rate or cash reserve ratio, can influence liquidity and credit conditions in the economy. Accommodative monetary policy measures can stimulate economic growth and boost stock returns, while tight monetary policy can have the opposite effect.5. Fiscal Policy: Government spending, taxation, and fiscal deficit also impact the stock market. Expansionary fiscal policies, such as increased government spending, can stimulate economic activity and have a positive effect on stock returns. Conversely, contractionary fiscal policies may dampen investor sentiment and lead to lower stock returns.It's important to note that stock market returns are also influenced by company-specific factors, market sentiment, investor behavior, and other variables apart from macroeconomic factors. Therefore, analyzing Indian stock returns requires considering a wide range of factors, including both macroeconomic indicators and specific market dynamics.

Download or read book Market Efficiency in India written by Satish kumar and published by . This book was released on 2018 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: As long as financial markets are concerned, for many years' economists, statisticians and financial analyst have been interested in developing and testing models of stock price behaviour and their forecast. This study examines whether the Indian stock market is efficient if the stock returns follow a random walk. The study employs daily closing prices of NSE Midcap 50 Index for a time period of 15 Sept 2010 - 28 Nov 2014. The existence of random walk for NSE Midcap Index has been examined through autocorrelation, Q-statistics and the run test and finds that the Indian stock market was not efficient in the weak form during the testing period. The results suggest that the stock prices in India do not reflect all the information in the past stock prices and abnormal returns can be achieved by investors through exploiting the market inefficiency.

Download or read book Efficient Market Hypothesis and Indian Stock Market written by CMA(Dr.) Ashok Panigrahi and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the 'Efficient Market Hypothesis' (EMH) is a cornerstone of modern financial theory, it is highly controversial and often disputed. It is argued that the EMH, which states that markets are generally both rational and efficient and serve as reasonable leading indicators of economic and corporate developments, is fallacious and is actually a derivative of the perfect competition model of capitalism, hardly based on anything substantial as such. This article focuses on the limitations of EMH and its application in the Indian stock market.Efficient Market Hypothesis (EMH) is the investment theory which states that it is impossible to 'beat the market' because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. According to EMH, this means that stocks always trade at their fair value on stock exchanges, making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by purchasing riskier investments.An efficient market emerges when new information is quickly incorporated into the price so that price becomes information. In other words, the current market price reflects all available information. Under these conditions, the current market price in any financial market could be the best-unbiased estimate of the value of the investment.James Lorie, Ph.D., a Professor of Business Administration, has defined the efficient security market as follows: "Efficiency means the ability of the capital market to function so that prices of securities react rapidly to new information. Such efficiency will produce prices that are appropriate in terms of current knowledge and investors will be less likely to make unwise investments." In the above context, what will happen is that the market-making mechanism becomes free and unfettered.

Download or read book Testing Market Efficiency of Indian Stock Market written by Dr. Divyang Joshi and published by . This book was released on 2019 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: As long as financial markets are concerned, people tried to forecast the future movement of it. The purpose of forecast is to expect great fortunes. In reality it is an important question that “is it possible to forecast market with the historical data?” If it is possible than excess returns can be made by picking up lottery stock. This situation is called “Inefficient Market”. On the other hand if market is efficient, it is west of time to predict stock market. The main intention of this paper is to study the efficiency level in Indian Stock market and the random walk nature of the stock market by using RUN test for the period from 1st January 2001 to 31st December 2010. In this paper, 6 major indices [BSE 30, BSE 100,200,500, BSE SMALL CAP and BSE MIDCAP] are studied.

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 Handbook of Research on Applied AI for International Business and Marketing Applications written by Christiansen, Bryan and published by IGI Global. This book was released on 2020-09-25 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) describes machines/computers that mimic cognitive functions that humans associate with other human minds, such as learning and problem solving. As businesses have evolved to include more automation of processes, it has become more vital to understand AI and its various applications. Additionally, it is important for workers in the marketing industry to understand how to coincide with and utilize these techniques to enhance and make their work more efficient. The Handbook of Research on Applied AI for International Business and Marketing Applications is a critical scholarly publication that provides comprehensive research on artificial intelligence applications within the context of international business. Highlighting a wide range of topics such as diversification, risk management, and artificial intelligence, this book is ideal for marketers, business professionals, academicians, practitioners, researchers, and students.