Decision Sciences
5 years ago

Indian Stock Market Inefficient: Potential for Super-Normal Gains Uncovered

TESTING WEAK FORM OF EFFICIENT MARKET HYPOTHESIS (EMH): EMPIRICAL EVIDENCE FROM LEADING STOCK EXCHANGES IN INDIA
Rahul Sarkar

Paper Summary

The Indian stock market was tested for efficiency, focusing on the Bombay Stock Exchange and National Stock Exchange. Daily stock values were analyzed from 2014 to 2018. Results showed that the market is not efficient in the weak form, meaning stock prices do not quickly adjust to new information. This suggests that past information can be used to make higher-than-normal profits in the market.

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