Banks’ Stock Performance During 2007-2008: Some Evidences

Roopam Kothari and Narendra Sharma

The IUP Journal of Bank Management, 2009, vol. VIII, issue 3 & 4, 90-128

Abstract: The Indian stock market experienced a great volatility in the year 2007-08 and banks led this volatility. This study looks at the performance of banking stocks vis-a-vis S&P CNX Nifty in the period commencing from July 1, 2007 to June 30, 2008. For this purpose, the Bank Nifty was taken for comparing the banking sector with benchmark S&P CNX Nifty. For carrying out the study, Market Adjusted Abnormal Return (MAAR) on weekly basis was applied to know the relative performance of the banking stocks and applied t-test for the analysis. For a better understanding, the abnormal returns generated by the public and private sector banks are compared separately. The results were substantiated with the news analysis.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjbm:v:8:y:2009:i:3&4:p:90-128

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