Empirical Analysis of Weak Form Efficiency Evidence from National Stock Exchange of India Ltd
Yükleniyor...
Tarih
2013
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Beykent Üniversitesi
Erişim Hakkı
Özet
The stock market is an emerging area for research and this work analysis the efficiency of National Stock Exchange of India Ltd (NSE) and focuses on Board Indices and CNX Nifty. The National Stock Exchange of India Ltd has five indices like Broad Market Indices, Sectoral Indices, Thematic Indices, Strategy Indices and Customised Indices. The main objective of is to find out efficiency level and random walk nature of National Stock Exchange of India Ltd by testing Broad Indices of the National Stock Exchange of India Ltd with the help of Descriptive Statistics, Runs Test, and Augmented Dickey Fuller test (ADF) for the Indices return during the year Jan 2008 to Jan 2013. The result found that the linear dependence is existed in the NSE (Broad Market Indices) returns and it is determined from the analysis that the Broad Market Indices in National Stock Exchange India Ltd is not weak-form efficient.
Açıklama
Anahtar Kelimeler
Market Efficiency, NSE, Runs Test, Autocorrelation, ADF
Kaynak
WoS Q Değeri
Scopus Q Değeri
Cilt
Sayı
Künye
Beykent University Journal of Social Sciences - BUJSS Vol.6 No.2, 2013
