ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): M. Babu

Email(s): drbabu@bdu.ac.in.

DOI: 10.5958/2321-5763.2018.00149.X   

Address: Dr. M. Babu
Assistant Professor, Bharathidasan School of Management, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India - 620 024.
*Corresponding Author

Published In:   Volume - 9,      Issue - 2,     Year - 2018


ABSTRACT:
The investments in stock markets largely depend on the flow of market information. The information flow has got its effect in the returns of the investors. In the market efficiency analysis, it is evident that the investors cannot earn abnormal returns as the market information is available to everyone. Banking sector is considered as one of the major indicator of economic development. The performance of S and P BSE Bankex over the study period has witnessed significant volatility as many major reforms were initiated by the Reserve Bank of India. Hence the present study analysed the weak form efficiency of Indian Banking sector over the period April 2007 to March 2013 using various econometric models namely Stationarity test, Runs Test and Autocorrelation analysis. The findings evidenced the share prices of selected sample banking companies were independent. The results of the study were helpful in deciding the timing of investments in banking stocks for investors.


Cite this article:
M. Babu . Exploring the Efficiency of Indian Capital Market with Reference to S and P BSE Bankex Stocks. Asian Journal of Management. 2018; 9(2):939-946. doi: 10.5958/2321-5763.2018.00149.X


Recomonded Articles:

Asian Journal of Management (AJM) is an international, peer-reviewed journal, devoted to managerial sciences. The aim of AJM is to publish the relevant to applied management theory and practice...... Read more >>>

RNI: Not Available                     
DOI: 10.5958/2321-5763 


Recent Articles




Tags