Stock Price Comovement: Evidence from India

Sagarika Mishra and Sandip Dhole

Emerging Markets Finance and Trade, 2015, vol. 51, issue 5, 893-903

Abstract: We examine the extent to which stock prices comove in an emerging economy, India. We first document that stocks listed on the National Stock Exchange (NSE) comove. Further, we find that synchronicity is positively associated with growth and earnings volatility and negatively associated with business group affiliation and leverage.

Date: 2015
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DOI: 10.1080/1540496X.2015.1061381

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