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The Bombay Stock Exchange: Seasonalities and Investment Opportunities

Author

Listed:
  • Roger Ignatius

    (School of Business, Bond University)

Abstract

This note examines the relationship of stock return patterns on the Bombay Stock Exchange (BSE) with those of the New York Stock Exchange (NYSE). It also examines investment opportunities for international investors. The BSE exhibits seasonalities in stock return patterns; December providing the highest mean monthly return while week 4 has the highest mean weekly return. A weak form of the weekend effect is also observed. The relationship of return patterns on the BSE and the NYSE indicates similarity of return patterns for contemporaneous trading. However, the BSE and the NYSE appear to be segmented rather than integrated.

Suggested Citation

  • Roger Ignatius, 1992. "The Bombay Stock Exchange: Seasonalities and Investment Opportunities," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 27(2), pages 223-227, July.
    • Handle: RePEc:dse:indecr:v:27:y:1992:i:2:p:223-227
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    Cited by:

    1. Ranjan Dasgupta, 2016. "International Portfolio Diversification - Role of Emerging Economies-US Integration and Dynamic Linkages: An Empirical Study," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(6), pages 100-100, June.
    2. Durai, S. Raja Sethu & Bhaduri, Saumitra N., 2011. "Correlation dynamics in equity markets: evidence from India," Research in International Business and Finance, Elsevier, vol. 25(1), pages 64-74, January.
    3. Barua, Samir K. & Ragunathan V & Varma, Jayanth R., 1994. "Research on the Indian Capital Market: A Review," IIMA Working Papers WP1994-02-01_01242, Indian Institute of Management Ahmedabad, Research and Publication Department.

    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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