A Study of Random Walk Hypothesis of Selected Scrips in Bombay Stock Exchange

Finance India, Vol XXX No. 1

Posted: 2 Dec 2016

See all articles by Madhvi Sethi

Madhvi Sethi

Symbiosis International University - Symbiosis Institute of Business Management, Bengaluru

Date Written: March 1, 2016

Abstract

The study involves understanding the behaviour of shares listed on the Bombay Stock Exchange (BSE) over a period of six years (1998 to 2004). Constituents of eight sectors were studied to identify if the shares followed random walk. QQ Plots, Runs Test, Serial Correlation Tests and Ljung Box statistic were used for analysis. Several stocks individually tested were found to have followed a random walk across the sectors.

Keywords: Random walk, India, Stock Exchange

Suggested Citation

Sethi, Madhvi, A Study of Random Walk Hypothesis of Selected Scrips in Bombay Stock Exchange (March 1, 2016). Finance India, Vol XXX No. 1, Available at SSRN: https://ssrn.com/abstract=2878686

Madhvi Sethi (Contact Author)

Symbiosis International University - Symbiosis Institute of Business Management, Bengaluru ( email )

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