The Random-Walk Hypothesis on the Indian Stock Market

Preprint OPEN
Ankita Mishra; Vinod Mishra; Russell Smyth;
(2014)
  • Subject: India, Unit root, Structural Break, Stock Market, Random Walk
    • jel: jel:C22 | jel:G14

This study tests the random walk hypothesis for the Indian stock market. Using 19 years of monthly data on six indices from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), this study applies three different unit root tests with two structural brea... View more
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