Empirical Evidence on Indian Stock Market Efficiency During Global Financial Crisis

Thomas Asha E. and M C. Dileep (2009). Empirical Evidence on Indian Stock Market Efficiency during Global Financial Crisis. ACUMEN, 2, 47-60. ISSN 0975-6981

14 Pages Posted: 11 May 2021

Date Written: March 12, 2009

Abstract

Market Efficiency has been the objective of many researches across the globe since the last few decades. While some studies conclude that the stock markets are efficient, others cast doubt on this conclusion. In an efficient capital market stock prices incorporate all relevant information when that information is readily available and widely disseminated, which implies that there is no systematic way to exploit trading opportunities and acquire excess profits. Thus the crux of Efficient Market hypothesis is that, stock prices follow random walk which holds that stock price changes are independent of one another. Market efficiency is described in three forms: Weak form, Semi-strong form and Strong form. This paper is an attempt to provide some empirical evidence on market efficiency of Indian stock market in the context of recent global financial crisis. Paper takes care of Weak Form Efficiency of Indian Stock Market during recession.

Keywords: Global Financial Crisis, Weak Form Efficiency, Indian Stock Market

JEL Classification: G00, G02, G14

Suggested Citation

Thomas, Asha E. and Kumar, M. C. Dileep, Empirical Evidence on Indian Stock Market Efficiency During Global Financial Crisis (March 12, 2009). Thomas Asha E. and M C. Dileep (2009). Empirical Evidence on Indian Stock Market Efficiency during Global Financial Crisis. ACUMEN, 2, 47-60. ISSN 0975-6981, Available at SSRN: https://ssrn.com/abstract=3138615

Asha E. Thomas (Contact Author)

Mahatma Gandhi University ( email )

Kalamassery
Kerala
India

HOME PAGE: http://www.stpauls.ac.in/static/contactus.aspx

M. C. Dileep Kumar

Cochin College

Cochin College Rd, Koovapadam, Chullickal
Kerala, 682002
India

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