How profitable is the Indian stock market?

Narayan, P K and Ahmed, H A and Sharma, S S and K P, Prabheesh (2014) How profitable is the Indian stock market? Pacific-Basin Finance Journal, 30. pp. 44-61. ISSN 0927-538X

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Abstract

In this paper, using a range of technical trading and momentum trading strategies, we show that the Indian stock market is profitable. We find robust evidence that investing in some sectors is relatively more profitable than investing in others. We show that sectoral heterogeneity with respect to profitability is a result of the gradual diffusion of information from the market to the sectors. Specifically, we show that while the market predicts returns of sectors, the magnitude of predictability varies with sectors. Our results are robust to a range of trading strategies

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IITH Creators:	IITH Creators ORCiD K P, Prabheesh UNSPECIFIED
Item Type:	Article
Uncontrolled Keywords:	India; Momentum; Predictability; Profits; Sectors; Stock market; Technical trading
Subjects:	Arts > Liberal arts
Divisions:	Department of Liberal Arts
Depositing User:	Team Library
Date Deposited:	01 Jan 2015 09:45
Last Modified:	28 Aug 2017 09:58
URI:	http://raiithold.iith.ac.in/id/eprint/1295
Publisher URL:	https://doi.org/10.1016/j.pacfin.2014.07.001
OA policy:	http://www.sherpa.ac.uk/romeo/issn/0927-538X/
Related URLs:	Google Scholar

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