Literature review: there have been several studies focussing on the extent of variables influencing the market index and their importance in including in the model. Indian stock market section 2 provides review of literature the effect of macroeconomic determinants on the performance of the indian stock market the effect. Literature survey is to review these various stock market anomalies that were experimental over time in different stock indices in india the anomalies analysed in this literature survey include the day-of-the week-effect, weekend effect, turn of the.
The concept of random walk in stock market was first introduced by french economist jules augustin frédéric regnault (1863) and later was conceded by louis bachelier, a french mathematician (1900. Review of literature t koshy, 1997, depository in the debt market:the unfinished agenda though the indian capital market is over 100 years old, it continues mainly as a market for equity related products. Review of literature mohan, g et al (2002) investigated the change in volatility in the indian stock market due to the introduction of future trading using daily closing prices of nifty and weekly.
- a range of sources were searched to review the past literature on stock market integration and out of thousands of papers, 100 research papers form the sample for the present study these 100 research papers are classified on the basis of various variables to know the status of research on the same topic. Literature review chatrath, ramchander and song (1996) examined the relationship between the indian stock market and the stock markets of the us and other developed countries using daily data for the period 1984 to 1992. 41 economy analysis of different economies is a concern in the technical analysis literature because the volatility and size of the stock markets, the tax systems, people's education levels, and levels of political instability are different, and, these may influence operational dynamics ([wang et al, 2012], [yu et al, 2013]. Literature review on indian stock market literature review on bangladesh stock market literature review: 1 before the decade of eighty much of the stock market literature viewed the present value of dividends to be the principal determinant of market return of stocks.
Literature review bauman (1996) believes that the real start of the research studies in the stock valuation using the fundamental analysis return for three main articles: the first study by lev and ohlson (1982) who identified the need to create a stock valuation models to complement and expand the traditional correlation studies for. The indian stock market on account of the process of financial liberalization in india further, we examine the shifts in stock price volatility and the nature of events that apparently cause the shifts in volatility. Trading network but this also reflects the fact that the indian stock market is dominated by speculative investments for short-term capital gains, rather than long-term investment. Chapter 2 literature review of stock market as the activities on a stock market tend to be specialized and not understood by common people, this chapter will give some basic definitions and review stock market history, participants, operations and importance, so as to serve as a basis for understanding how stock market can help promote investment and trade in a monetary zone.
Timing or stock selection however, in the context of financial markets and particularly in the case of equity market seasonal component have been recorded. Impact of fii on stock market in india 767 chi square test has been performed with 5% significance level with the assumption of null hypothesis as there is a significant relation between the fii and the stock market. The market checks in advance to avoid steep fluctuation in the market literature review forecasting of indian stock market indices using neural network, this. Stock market using monthly stock returns from 278 companies of bse 500 index listed on the bombay stock exchange for the period of january 1996 to december 2009. This study investigates the existing literature in the field of indian stock market anomalies the focus of the literature survey is to review these various stock market anomalies that were.
Literature review of stock market dutch east india company issued the first shares on the amsterdam stock exchange it was the first company to issue stocks and. The stock market comprises of two markets, viz, the primary market and the secondary market the evolution and the development of various stock exchanges in india and abroad were presented briefly the stock exchange is a key institution facilitating the issue and sale of various types of securities. 45 chapter -2 literature review 21 introduction the trading of financial derivatives has received extensive attention, while at the same time it has led to a debate over its impact on the underlying stock market.
The following is the first part of a planned series to review recent economic literature on equity market structure this sec staff review summarizes those economic papers that. Review of literature stock-broking service, a branch of financial services sector, is being implemented in the indian stock market also all investors back to. Financial crisis on stock markets of pakistan and india but this impact is stronger on indian stock market keywords review vast literature has emerged. Studies from india on market reaction to stock splits offer mixed results (gupta & gupta, 2007) find by review of literature on studies on market reaction to.