Volume : III, Issue : VI, June - 2013

Determination of Semi–strong form of Indian Stock Market with Reference to Banking and Automobile Industry

Dr. P. C. Sekar, S. Dinesh

Abstract :

This study aims to measure the impact of dividend announcement in Indian stock market and determine the factors which influencing the behaviour of stock market. Event study has conducted with major industries viz., banking and automobile scripts listed in BSE Sensex. Structural Equation modelling used to measure the relationship within variable and to the determination of efficient market hypothesis. Based on the analysis most of the scripts are having before effect in the market. It means reaction of information in the market place has occurs after reaching the information. Market significantly reacted with the information of dividend. Based on the structural model depicts that excess return and average excess return are the mediating factor for determining the efficiency of the market. Hence it is accepted that pour Indian stock market is the nature of semi–strong form of efficiency

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. P. C. Sekar, S. Dinesh Determination of Semi-strong form of Indian Stock Market with Reference to Banking and Automobile Industry Indian Journal of Applied Research, Vol.III, Issue.VI June 2013

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