Run Test Analysis on Indices and Capitalisation with Reference to BSE Sensex for the Period of Ten Years from 2007 to 2016

Dr. Jnana Raghavendra ., Raju Rathipelli .

Abstract


This paper postulates mainly on the randomness of index movements for a period of decennial. In this, the researchers make an attempt to study the number of trading days in the connection of events that are influence the stock exchanges. It is necessary to identify the steadiness of exchange which is useful for the perspective of investor. The researchers tried to make it easy to present the month, quarter and year wise analysis for better understanding of the market movements over a period of time. It is an attempt to analyse the comparative change in index movement and its connection to capitalisation for the selected periods. This empirical study will evidence that closing indices may follow random walk on a stipulated probability parameter

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