IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v3(568)y2012i3(568)p51-76.html
   My bibliography  Save this article

The Indian Stock Market and the Great Recession

Author

Listed:
  • Arindam MANDAL

    (Siena College, Loudonville, USA)

  • Prasun BHATTACHARJEE

    (East Tennessee State University, Johnson City, SUA)

Abstract

This study analyzes the impact of the outbreak of the Great Recession of 2007 on the behavior of the Indian stock market. The SENSEX index of the Bombay Stock Exchange is analyzed for the prerecession period of January 2002 – November 2007 and the postrecession outbreak period of December 2007 – July 2010. Substantial increase in SENSEX return volatility observed during the post-recession outbreak period, whereas no substantial difference in returns between two periods is found. Also strong co-movements in returns and volatility are observed between the SENSEX and other major stock indexes during the post-recession period. Our results establish the dominance of global factors in influencing Indian stock market behavior during periods of economic turmoil.

Suggested Citation

  • Arindam MANDAL & Prasun BHATTACHARJEE, 2012. "The Indian Stock Market and the Great Recession," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(568)), pages 51-76, March.
    • Handle: RePEc:agr:journl:v:3(568):y:2012:i:3(568):p:51-76
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/698.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=698&rid=84
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Srilakshminarayana G, 2021. "Tail Behaviour of the Nifty-50 Stocks during Crises Periods," Advances in Decision Sciences, Asia University, Taiwan, vol. 25(4), pages 115-151, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:3(568):y:2012:i:3(568):p:51-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.