This study is done on the recommendation of Karvy Security Pvt. Ltd. And Business standard 18 newspaper. We study relationship between Sensex return and analyst return with the help of descriptive statistics, correlation, T-Test, Anova, regression, Granger causality Test. This all analyses helps us in a find out difference between analyst recommendation and actual movement.For this study we used data from 01-07-2012 to 31-03-2013 of Karvy Securities Ltd. And we used data of Business Standard 18 News Paper Data from The study was based on last 1 year data from 08-01-2013 to 29-03-2013. Negative recommendation are higher than the positive recommendation and mostly it get a result on the basis Sensex movement. Karvy have very poor performance in a recommendation and business standard 18 newspaper has also get a negative recommendation which make a loss to the investors.
