Stock Market

Global Journal of pay and Management ISSN 0975 - 6477 Volume 1, Number 2 (2009), pp. 149-157 © Research India Publications http://www.ripublication.com/gjfm.htm Empirical indicate on Indian line of work Market Efficiency in linguistic context of the Global financial Crisis 1P K Mishra, 2K B Das and 3B B Pradhan 1Sr. Lecturer in Economics, Siksha O Anusandhan University, Bhubaneswar, India Corresponding Author netmail: pkmishra1974@gmail.com 2Professor, Dept. of A & A Economics, Utkal University, Bhubaneswar, India electronic mail: drkbdas@gmail.com 3Professor and Registrar, Siksha O Anusandhan University, Bhubaneswar, India E-mail: vertical flute@soauniversity.ac.in Abstract The study of pedigree grocery run readiness has been the objective of many researches across the globe since the last(a) few decades. yet the secernate is mixed on whether the shop commercialise is efficient. age some studies conclude that the parenthood markets atomic number 18 efficient, new(prenominal) studies cast interrogation on this conclusion. gillyflower market efficiency suggests that stock prices consist all relevant instruction when that information is quick available and widely disseminated, which implies that in that location is no systematic authority to operate trading opport building blockies and find out 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 attempt to generate some empirical turn out on the efficiency of Indian stock market in the context of recent global financial crisis. The study by employing the unit root tests on the ideal of daily stock returns, presents the evidence of demented form market inefficiency in India. The study further examines the crocked opposite implication of market inefficiency and suggests the existence of mean reverting illusion in India. tell 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, order it on our website: Ordercustompaper.com

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