*Research Scholar, KCT Business School, Anna University, Coimbatore, India
**Professor, KCT Business School, Anna University, Coimbatore, India
Online published on 9 December, 2016.
Indian banking is the support of the nation and its people. Banking has helped in developing the vital sectors of the economy. Capital market is one of the significant phases of every financial institution and now it's playing a strategic role in a country's economic growth. The purpose of this study is to test The Weak Form Efficient Market Hypothesis in National Stock Exchange by taking the Daily closing prices of selected banks. The three conventional ways: Augmented Dickey Fuller Test, Autocorrelation and run-test are used to prove the evidences of weak form market efficiency. The evidences have confirmed that during 2015, National Stock Exchanges is not efficient in a weak form.
Weak form Efficiency, Autocorrelation, Runs Test & not efficient
