Professor and Head, PG Department of Management Studues, Vivekananda College of Arts & Sciences for Women (Autonomous), Tiruchengode, Namakkal (Dt), Tamilnadu – 638453
Online published on 18 June, 2013.
Behaviour and efficiency of the stock market have been empirically evaluated in many times. But this article is an attempt to know the behaviour of share prices of banking and finance sectors in Indian stock market through the measuring the beat of BSE100 which is one the wellknown index of the old and giant of Indian Stock Market-Bombay Stock Exchange (BSE).
In this article, Efficient Market Hypothesis (EMH) has been framed with Random Walk Model (RWM). The framed RWM has been tested with auto correlation and runs test. Of the 100 constituents of BSE100, 10 companies belonging to bank and finance sector have been selected for the study. Their behaviour were analysed separately with the tools for 10 years.
Stock Market, Behaviour of Share Price, Efficient Market Hypothesis, Random Walk Model, Runs Test and Weak Form Efficient
