Record Details

Impact Of Union Budget On Indian Stock Market

Scholedge International Journal of Management & Development

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Field Value
 
Title Impact Of Union Budget On Indian Stock Market
 
Creator Gakhar, Divya Verma; Assistant Professor at USMS, GGSIPU, New Delhi
Kushwaha, Neha; Student at USMS, GGSIPU, New Delhi
Ashok, Vinita; Student at USMS, GGSIPU, New Delhi
 
Subject Economics
CNX Nifty; Union Budget; Volatility/ Variances; NIFTY Returns; Pre-budget period and Post-budget period
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Description This paper analyzes the impact of Union budget on NSE’s CNX NIFTY Index. The impact is measured in terms of daily average returns and volatility over the short term, medium term and long term period in pre and post budget period. The data has been collected for five budget periods from 2011 to 2015. The statistical tools used are paired T-test and F-test. Paired T-test is conducted on average returns and F-test is conducted on variances over the period i.e., 3, 10 and 30 days in pre and post budget period. The maximum impact of budget is seen in short term then it gradually decreases in medium term and finally diminishes in the long term. The implication of this paper is that the investor should fear from investing in the stock market around the budget period.
 
Publisher Scholedge R&D Center
 
Contributor —
 
Date 2015-12-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://www.thescholedge.org/index.php/sijmd/article/view/258
10.19085/journal.sijmd021103
 
Source Scholedge International Journal of Management & Development ISSN 2394-3378; Vol 2, No 11 (2015); 21-36
2394-3378
 
Language eng
 
Relation http://www.thescholedge.org/index.php/sijmd/article/view/258/363
 
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Rights Copyright (c) 2015 Scholedge International Journal of Management & Development ISSN 2394-3378
http://creativecommons.org/licenses/by-nc/4.0