Prakash Shanker A () (Department of Commerce, Banaras Hindu University, Varanasi, 221005 INDIA) Sahu Dhananjay
Abstract
Market efficiency is the notion which rejuvenates the upcoming market strength and explains the probable cause for its pattern. The issue has already been studied by various researchers of different disciplines who tried to provoke the entire community with manifold aspects of market efficiency. Albeit its study is interminable, of lest it should support the emanation of new techniques to solve its probable causes than to its behaviors. The martingale process of stock price pattern is useful to have normal gain instead of overwhelming market’s abnormality. This paper envisages that Indian stock market persists in weak form of efficiency for the period April 01, 2002 to March 31, 2007.This study is done by applying the serial correlation test and the runs test to arrive at conclusion.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.