Since 2014
Weak Form Efficiency In Indian Stock Markets
International Business & Economics Research Journal
View Archive Info| Field | Value | |
| Title |
Weak Form Efficiency In Indian Stock Markets
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| Creator |
Gupta, Rakesh
Basu, Parikshit K. |
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| Description |
Hypothesis of Market Efficiency is an important concept for the investors who wish to hold internationally diversified portfolios. With increased movement of investments across international boundaries owing to the integration of world economies, the understanding of efficiency of the emerging markets is also gaining greater importance. In this paper we test the weak form efficiency in the framework of random walk hypothesis for the two major equity markets in India for the period 1991 to 2006. The evidence suggests that the series do not follow random walk model and there is an evidence of autocorrelation in both markets rejecting the weak form efficiency hypothesis.
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| Publisher |
The Clute Institute
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| Date |
2011-02-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3353
10.19030/iber.v6i3.3353 |
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| Source |
International Business & Economics Research Journal (IBER); Vol 6 No 3 (2007)
2157-9393 1535-0754 10.19030/iber.v6i3 |
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| Language |
eng
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| Relation |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3353/3400
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