Equity Share Price Efficiency of Indian Banking Sector

Authors

  • M. Babu
  • S. Srinivasan

DOI:

https://doi.org/10.33516/rb.v40i0.51-59p

Keywords:

Market Efficiency, Market Capitalization, Runs Test, Autocorrelation.

Abstract

The present paper is an attempt to evaluate the market efficiency of daily share prices of sample banks listed in the National Stock Exchange of India Limited. For the purpose of analysis, five public sector and five private sector banks were selected, based on the total market capitalization of sample banks. The daily closing prices of sample banks were collected from the website of National Stock Exchange of India Limited. The analysis of weak form market efficiency, using Runs Test and Autocorrelation function, revealed that the daily share price returns of sample banks were not efficient in weak form.

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Published

2014-12-01

How to Cite

Babu, M., & Srinivasan, S. (2014). Equity Share Price Efficiency of Indian Banking Sector. Research Bulletin, 40, 51–59. https://doi.org/10.33516/rb.v40i0.51-59p

Issue

Volume 40, December 2014

Section

Articles
Crossref
Scopus
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Europe PMC

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