Demonetization and Weak form Market Efficiency An Empirical Study
Keywords:
Demonetization, Stock Market EfficiencyAbstract
The present study empirically examines the weak-form market efficiency of selected banking companies listed on the Indian stock market after demonetization. For this purpose, daily stock returns of selected NSE companies have been considered to find out any change in stock market efficiency post-demonetization period (9th November, 2016 to 9th November, 2018). This study concludes that there is weak-form market efficiency of the Indian stock market post demonetization period and these companies followed the random walk model.
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