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

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.