Economics, Econometrics and Finance
3 years ago

Stock market investors beware: Monday brings lowest returns and higher volatility!

Journal of Management and Research
Stability of the day of the week effect in return and in volatility: evidence from Bombay stock market
Pramod Kumar Patjoshi

Paper Summary

The study looked at how different days of the week affect stock market returns and volatility in India. They analyzed data from the Bombay Stock Exchange from 2000 to 2014. Results showed that Wednesday had the highest return, while Monday had the lowest return with higher volatility. This suggests that the day of the week can impact stock market performance in India.

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