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Testing Efficiency in Weak Form of Indian Banking Industry

Author

Listed:
  • Meenu Baliyan

    (Assistant Professor (MBA Dept), IMS Engineering College, Ghaziabad, India)

  • Punjika Rathi

    (Assistant Professor (MBA Dept), IMS Engineering College, Ghaziabad, India)

Abstract

The reflections of any type of information on the stock prices are known as Capital market Efficiency. In this research paper researcher has tried discover the different type of capital market efficiency that Indian stock markets survive. Market efficient in three forms i.e. weak, semi strong and strong. The prospect of investors regarding future cash flows are Market efficiency talks about the accuracy and speed with which the market reflect the prospects into prices reflected in share prices. Hence investor can accordingly plan its approach of investment analysis. Researchers have taken 3 months data to study the stock market prices of top players of banking industry of the India. Study tried to check the dependency between the stock market prices and information. Study is based on secondary data taken from stock market and it try to explore the relation of information and fluctuation in stock prices. This paper would test the type of efficiency of Indian banking industry and its results could be applied for further portfolio management practices.

Suggested Citation

  • Meenu Baliyan & Punjika Rathi, 2020. "Testing Efficiency in Weak Form of Indian Banking Industry," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(7), pages 21-26, July.
    • Handle: RePEc:bjc:journl:v:7:y:2020:i:7:p:21-26
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    References listed on IDEAS

    as
    1. R. Olowe, 1999. "Weak Form Efficiency of the Nigerian Stock Market: Further Evidence," African Development Review, African Development Bank, vol. 11(1), pages 54-68.
    2. Ainul Islam & Mohammed Khaled, 2005. "Tests of Weak-Form Efficiency of the Dhaka Stock Exchange," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(7-8), pages 1613-1624.
    3. Nikunj R. Patel & Nitesh Radadia & Juhi Dhawan, 2012. "An Empirical Study on Weak-Form of Market Efficiency of Selected Asian Stock Markets," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 2(2), pages 1-5.
    4. Ainul Islam & Mohammed Khaled, 2005. "Tests of Weak‐Form Efficiency of the Dhaka Stock Exchange," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(7‐8), pages 1613-1624, September.
    Full references (including those not matched with items on IDEAS)

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