Authors :
Pranav Jhanwar; Dr. Srikanth P
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/2zpp4wkw
Scribd :
https://tinyurl.com/355sb6xt
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR524
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
Stock market anomalies are persistent
patterns in stock returns that traditional financial models
cannot explain. Anomalies challenge the Efficient Market
Hypothesis (EMH), which states that all information is
reflected in stock prices. This research aims to test the
stock market anomalies in Nifty 50 stocks in India. The
study will use various statistical methods to examine a
range of calendar anomalies. The findings of this study
will have important implications for investors and
policymakers. If anomalies are found to exist, investors
may be able to generate abnormal returns by exploiting
them. Policymakers may also be interested in
understanding the causes of anomalies and their impact
on the overall market. This process involves examining a
large dataset of stocks within the Nifty 50 index to identify
any patterns or trends that may be considered abnormal
or unexpected. By conducting this analysis, investors and
financial analysts can gain deeper insights into the
behaviour of the stock market in India and make more
informed investment decisions. This study is significant
for several reasons: it is one of the few studies to examine
stock market anomalies in the Indian market; the study
uses comprehensive statistical methods to test for
anomalies. The study is expected to find evidence of some
stock market anomalies in Nifty 50 stocks. The study's
conclusions will have an impact on investors and
policymakers.
Keywords :
Stock Market Anomalies, Calendar Anomalies, Nifty 50 Stocks, Efficient Market Hypothesis, Abnormal Returns.
Stock market anomalies are persistent
patterns in stock returns that traditional financial models
cannot explain. Anomalies challenge the Efficient Market
Hypothesis (EMH), which states that all information is
reflected in stock prices. This research aims to test the
stock market anomalies in Nifty 50 stocks in India. The
study will use various statistical methods to examine a
range of calendar anomalies. The findings of this study
will have important implications for investors and
policymakers. If anomalies are found to exist, investors
may be able to generate abnormal returns by exploiting
them. Policymakers may also be interested in
understanding the causes of anomalies and their impact
on the overall market. This process involves examining a
large dataset of stocks within the Nifty 50 index to identify
any patterns or trends that may be considered abnormal
or unexpected. By conducting this analysis, investors and
financial analysts can gain deeper insights into the
behaviour of the stock market in India and make more
informed investment decisions. This study is significant
for several reasons: it is one of the few studies to examine
stock market anomalies in the Indian market; the study
uses comprehensive statistical methods to test for
anomalies. The study is expected to find evidence of some
stock market anomalies in Nifty 50 stocks. The study's
conclusions will have an impact on investors and
policymakers.
Keywords :
Stock Market Anomalies, Calendar Anomalies, Nifty 50 Stocks, Efficient Market Hypothesis, Abnormal Returns.
