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Evidences of efficient investment portfolio in Indian capital markets-An analysis based on BSE and NSE indices

Author

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  • Mehta, Deepshikha

Abstract

A decent budgetary portfolio is nothing more, and nothing less, than an accumulation of advantages that develop in quality and produce abundance money for the financial specialist to spend or reinvest. Markowitz (1959) is one of the pioneers of present day portfolio hypothesis. Generally, the measure of danger utilized as a part of portfolio advancement models is the fluctuation. On the other hand, option measures of danger i.e., beta (un-standardized coefficient) has been utilized by Sharpe as a part of single file model. This paper goes for applying so as to build an ideal portfolio Sharpe's single record model. For this reason the day by day shutting costs of 50 organizations recorded on the National Stock Exchange (NSE) which include the Nifty Index would be considered for the period July 2012 to June 2014. The study shows financial specialist ought to be making interest in HCL Technologies Ltd. with an extent of 77.91%, and Housing Development Finance Corporation Ltd. with an extent of 22.09%. Financial specialist is obliged to short offer Bharat Petroleum Corporation Ltd., Asian Paints Ltd., United Spirits Ltd., and Bharti Airtel Ltd., stocks to expand portfolio return. This paper would be of extensive importance and valuable to the different financial specialists in determination of stocks for their portfolios.

Suggested Citation

  • Mehta, Deepshikha, 2015. "Evidences of efficient investment portfolio in Indian capital markets-An analysis based on BSE and NSE indices," MPRA Paper 66494, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66494
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    File URL: https://mpra.ub.uni-muenchen.de/66494/1/MPRA_paper_66494.pdf
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    References listed on IDEAS

    as
    1. Sinha, Pankaj & Jayaraman, Prabha, 2012. "Empirical analysis of the forecast error impact of classical and bayesian beta adjustment techniques," MPRA Paper 37662, University Library of Munich, Germany.
    2. Kamal, Javed Bin, 2012. "Optimal portfolio selection in ex ante stock price bubble and furthermore bubble burst scenario from Dhaka stock exchange with relevance to sharpe’s single index model," MPRA Paper 60610, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Debajit RABHA & Rajkumar Giridhari SINGH, 2021. "Application of single Sharpe index on the optimal portfolio construction using Indian blue-chip stocks," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(629), W), pages 135-150, Winter.

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    1. Mehta, Deepshikha, 2015. "Evidences of Efficient Investment Portfolio in Indian Capital Markets - An Analysis Based on BSE and NSE Indices," EconStor Preprints 117335, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

    Indian capital market; Efficient Investment Portfolio; Stock markets; nvestment; NSE; BSE;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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