IJRAR(ISSN 2348 –1269, Print ISSN 2349-5138 ) | UGC Approved Journal | UGC Journal | UGC

International Journal of Research and Analytical Reviews (IJRAR)

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E-ISSN 2348-1269, P- ISSN 2349-5138 | Impact factor: 5.75 | ESTD Year: 2014

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  Published Paper Details:

  Paper Title  

MOMENTUM AND CONTRARIAN STRATEGIES IN BOMBAY STOCK EXCHANGE (BSE)

  Authors

  Aryan Sanjay Prabhakar

  Keywords

Momentum Strategies, Contrarian Strategies, Bombay Stock Exchange, Sectoral Indices, Abnormal Returns, Winner/Loser Portfolio, Efficient Market Hypothesis

  Abstract


The study is based on the Indian stock market with respect to momentum and contrarian strategies using the daily adjusted closing prices of ten sectoral indices of Bombay Stock Exchange(BSE) for a period of six financial years. The sectoral indices were examined on the notion that the test outcome will give an obvious picture on the investment strategies to be adopted with stocks of various sectors. The study has been divided into short and long-term periods and every period has been additionally isolated into formation(arrangement) and holding(trial) periods. The variation of the average abnormal returns of winner and loser portfolio has been examined. In view of the year to year return information of BSE, it was found that majority of the sectoral portfolios follows contrarian investment movement and this evidence questions presence of weak form of Efficient Market Hypothesis in Indian market. The investigation is valuable to investors who have pre-determined investment horizons. The findings also have real ramifications for portfolio management strategies.

  Cite this article

  Aryan Sanjay Prabhakar,   "MOMENTUM AND CONTRARIAN STRATEGIES IN BOMBAY STOCK EXCHANGE (BSE)", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.5, Issue 4, Page No pp.288-301, October 2018, Available at : http://www.ijrar.org/IJRAR190I031.pdf  

  IJRAR's Publication Details

  Unique Identification Number - IJRAR190I031

  Paper ID - 192301

  Page Number(s) - 288-301

  Pubished in - Volume 5 | Issue 4 | October 2018

  DOI (Digital Object Identifier) -   

  Publisher Name - IJRAR | www.ijrar.org | E-ISSN 2348-1269, P- ISSN 2349-5138

  E-ISSN 2348-1269, P- ISSN 2349-5138

  Cite this article

  Aryan Sanjay Prabhakar,   "MOMENTUM AND CONTRARIAN STRATEGIES IN BOMBAY STOCK EXCHANGE (BSE)", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.5, Issue 4, Page No pp.288-301, October 2018, Available at : http://www.ijrar.org/IJRAR190I031.pdf

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About IJRAR

The IJRAR - International Journal of Research and Analytical Reviews (IJRAR) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world.


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