Further Evidence on Weak Form Efficiency in the Indian Stock Market

S.S.S. Kumar

Paradigm, 1999, vol. 3, issue 1, 91-98

Abstract: The important function of stock market is to allocate funds to the most productive sectors of the economy. Stock markets must be efficient in the sense that an investor cannot gain abnormal profit consistently based on some trading rule in predicting the stock price. The purpose of this study is to investigate whether the trends in some selected Asian stock markets viz., Hongkong, Singapore, Japan and Philippines can be used to predict stock price trends in India. This study examines the Indian stock market's efficiency in the cointegration frame work. The results indicate that Indian Stock market is weak form efficient.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0971890719990110 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:padigm:v:3:y:1999:i:1:p:91-98

DOI: 10.1177/0971890719990110

Access Statistics for this article

More articles in Paradigm
Bibliographic data for series maintained by SAGE Publications ().