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VOL. 3, ISSUE 1 (2018)
Measurement of Indian stock market efficiency through random walk model
Authors
Payel Chatterjee, Dr. Debdas Rakshit
Abstract
The study aims to examine the stock price efficiency of NSE Index- Nifty 50 in its weak form. For the purpose, weekly stock price returns are examined in two parameters i.e. Normality and Randomness. As return data failed to exhibit approximately normal distribution, non-parametric run test has been used to verify the randomness of the data.
Based on the result of non-parametric run test, the weekly stock price return follows Random Walk Model. Null hypothesis is retained there by confirming weak form of efficiency.
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Pages:34-37
How to cite this article:
Payel Chatterjee, Dr. Debdas Rakshit "Measurement of Indian stock market efficiency through random walk model". National Journal of Multidisciplinary Research and Development, Vol 3, Issue 1, 2018, Pages 34-37
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