Indian Stock Market Inefficient: Investors Can Profit from Market Inefficiency.
The Indian stock market was found to be inefficient in the weak form, meaning that stock prices do not fully reflect all available information. This was determined by analyzing the SENSEX index from July 1997 to December 2014. The study used autocorrelation, Box-Ljung test statistics, and run tests to show that abnormal returns can be achieved by investors taking advantage of market inefficiencies.