Bubble in the Indian stock market: myth or reality

Saumitra Bhaduri and Mahima Ravi

Macroeconomics and Finance in Emerging Market Economies, 2009, vol. 2, issue 1, 79-92

Abstract: The paper investigates the existence of speculative bubbles in the Indian stock market using both monthly and weekly returns for the period 1990-2007. Further, a year-by-year analysis using weekly returns was also carried out to test for the existence of bubbles in each individual year. The results suggest that no speculative bubbles were present in the Indian stock market for the sample period considered for this study.

Keywords: speculative bubbles; duration dependence models (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1080/17520840902726391

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