Analysis of Market Efficiency for Indian Capital Market
Author | : Dhirendra Pratap Ray |
Publisher | : |
Total Pages | : |
Release | : 2008 |
ISBN-10 | : OCLC:1291148245 |
ISBN-13 | : |
Rating | : 4/5 (45 Downloads) |
Book excerpt: This paper analyze the how efficient is the Indian Capital Market and describes what kind of form of efficiency Indian Capital Market follows.The research shows that in spite of the Market Index not showing Random Walk property, it is very much possible that individual securities within the index may exhibit this property. Thus, terming markets efficient or non-efficient solely on the basis of index may give wrong results. It also shows that the Indian Capital Market is financially quite strong and the regulatory mechanisms in place have ensured that in spite the booming growth, the market has remained efficient and there is no unfair advantage to any person.