TY  - GEN
AU  - Hiremath,Gourishankar S.
TI  - Indian stock market : : an empirical analysis of informational efficiency 
T2  - Springer briefs in economics  
SN  - 9788132215899
U1  - 332.64254 23
PY  - 2014///
CY  - New Delhi
PB  - Springer
KW  - Stock exchanges
KW  - India.
KW  - Financial Economics.
N1  - Includes index; 1. Introduction --
2. Random Walk Characteristics of Stock Returns --
3. Nonlinear Dependence in Stock Returns --
4. Mean-Reverting Tendency in Stock Returns --
5. Long Memory in Stock Returns: Theory and Evidence --
6. Long Memory in Stock Market Volatility
N2  - The book investigates the growth and efficiency of the Indian stock market in the theoretical framework of the Efficiency Market Hypothesis (EMH). The main objective of the present study is to examine the returns behaviour in the Indian equity market in the changed market environment. A detailed and rigorous analysis, made with the help of the sophisticated time series econometric models, is one of the key elements of this volume. The analysis empirically tests the random walk hypothesis and focuses on issues like nonlinear dynamics, structural breaks and long memory. It uses new and disaggregated data on recent reforms and changes in the market microstructure. The data on various indices including sectoral indices help in measuring the relative efficiency of the market and understanding how liquidity and market capitalization affect the efficiency of the market
ER  -