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Journal of Commerce and Management Thought
Year : 2013, Volume : 4, Issue : 4
First page : ( 792) Last page : ( 799)
Print ISSN : 0975-623X. Online ISSN : 0976-478X.

Testing Efficient Market Hypothesis (EMH) in Current Indian Stock Market

Dr Bisen Vikram1,*, Pandey Madhulika2,*

1Director, Institute of Technology & Management (ITM) Group of Institutions, Lucknow

2Assistant Professor, Basudev Institute of Management & Technology, Lucknow

*Email: vikram.bisen@rediffmail.com

**25madhulikapandey@gmail.com

Online published on 10 October, 2013.

Abstract

Over the past 40 years the importance of Efficient Market Hypothesis (EMH) is well documented and discussed. EMH is useful for analyzing the way equity markets function and consequently for providing appropriate information for investment decision.

Market Hypothesis says that each and every investor have equal right to get earliest arrived information in financial market and to react on that. This paper provides a review about how now a day's market is inefficient either because of not getting all the fresh news related to stocks on time or they do not care about those news or they do not want to react on that piece of arrived information because of their own psychology or sentiments.

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Keywords

Efficient Market Hypothesis (EMH), Securities and Exchange Board of India (SEBI).

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