IDEAS home Printed from https://ideas.repec.org/a/sae/padigm/v3y1999i2p57-64.html
   My bibliography  Save this article

Presence of Friday Effect in the Indian Stock Market

Author

Listed:
  • DR. Bishnupriya Mishra

Abstract

Identification of the day of the week effect in the capital market can be of immense help for an investor to reap handsomely from investment in the stock market. Various studies undertaken on capital markets of the developed countries have identified ‘the Monday effect’. “Is there any such effect in the Indian capital market?†To find an answer to this question is the motivating factor for our study. This study has been done by considering two different indices and is divided into three sections. Section I deals with the literature pertaining to earlier studies undertaken by different researchers. Section II discusses the methodology of our study and section III elaborately provides the results obtained. Use of vital non parametric test and Dunn's multiple pair comparison test infer the presence of seasonal effect, i.e., returns on Friday are the highest in the Indian capital market.

Suggested Citation

  • DR. Bishnupriya Mishra, 1999. "Presence of Friday Effect in the Indian Stock Market," Paradigm, , vol. 3(2), pages 57-64, July.
    • Handle: RePEc:sae:padigm:v:3:y:1999:i:2:p:57-64
    DOI: 10.1177/0971890719990209
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0971890719990209
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0971890719990209?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:sae:padigm:v:3:y:1999:i:2:p:57-64. 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: SAGE Publications (email available below). General contact details of provider: .

    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.