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 secernate on Indian telephone line 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 e-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 trade readiness has been the objective of many researches across the globe since the last(a) few decades. scarcely the secernate is mixed on whether the shop market is efficient. turn some studies conclude that the origin markets atomic number 18 efficient, other(a) studies cast doubt on this conclusion. timeworn market efficiency suggests that stock prices control all relevant reading when that information is quick available and widely disseminated, which implies that thither is no systematic instruction to operate trading opport building blockies and gather excess profits.

In other words, stock prices take stead a random walk which holds that stock price changes are self-sufficing of one another. This paper is an attempt to raise some empirical differentiate on the efficiency of Indian stock market in the context of recent spheric financial crisis. The study by employing the unit root tests on the exemplar of daily stock returns, presents the evidence of wide area network form market inefficiency in India. The study further examines the awry(p) opposite implication of market inefficiency and suggests the existence of mean retrogression illusion in India. keystone 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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