The Bombay Stock Exchange: Seasonalities and Investment Opportunities

Roger Ignatius
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Roger Ignatius: School of Business, Bond University

Indian Economic Review, 1992, vol. 27, issue 2, 223-227

Abstract: This note examines the relationship of stock return patterns on the Bombay Stock Exchange (BSE) with those of the New York Stock Exchange (NYSE). It also examines investment opportunities for international investors. The BSE exhibits seasonalities in stock return patterns; December providing the highest mean monthly return while week 4 has the highest mean weekly return. A weak form of the weekend effect is also observed. The relationship of return patterns on the BSE and the NYSE indicates similarity of return patterns for contemporaneous trading. However, the BSE and the NYSE appear to be segmented rather than integrated.

JEL-codes: E22 E44 G12 (search for similar items in EconPapers)
Date: 1992
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