WEAK FORM EFFICIENCY IN INDIAN CAPITAL MARKETS: AN ANALYSIS

被引：2

作者：

Altaf, Nufazil ^{[1
]}

Shah, Farooq Ahmad ^{[1
]}

机构：

[1] Cent Univ Kashmir, Sch Business Studies, Ganderbal, Jammu & Kashmir, India

来源：

JIMS8M-THE JOURNAL OF INDIAN MANAGEMENT & STRATEGY | 2015年 / 20卷 / 04期

关键词：

BSE; 500; CNX; Weak form efficiency;

D O I：

10.5958/0973-9343.2015.00029.0

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper attempts to test Efficient Market Hypothesis in its weak form on the returns of two sectorial indices (BSE 500 and CNX 500) in the Indian Securities Market. Using daily BSE 500 and CNX 500 indices, data for the period from 1st January 2005 to 31st December 2014 this paper employs various econometric techniques like Unit Root Test, Run Test and Variance Root Test for arriving at the conclusions. The results of the study reveal that returns on BSE 500 and CNX 500 are informational inefficient.

引用

页码：20 / 25

页数：6

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