10Nov 2017


  • B Velmurugan, (PhD-CB-DEC2013-0933), Research Scholar, Bharathiar University, Coimbatore, Asst Professor, Department of MBA, NPR College of Engineering and Technolgoy, Dindigul, Tamilnadu.
  • RP Nivethigha, Full Time Research Scholar, Anna University Chennai.
  • C Gnanaprakasam, Prinicpal/Director, Agni School of Business Excellence, Dindigul, Tamilnadu, India.
  • Abstract
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The learning explore whether the anomalous day of the week effect is found in Indian stock market. The data used for the study is the most important sectoral indices of the national stock exchange for the time 2006 to 2016. Descriptive statistics, correlation, regression in SPSS are useful to check whether the implication of the day of the week result is there in Indian stock market. The suggestion is that the day of the week outcome is there ? it is examined during that Wednesdays have acquiesced the maximum average return; regression and correlation inspect that return for all the days of the week is not identical. Therefore the instability subsists among stocks. Hence it confirms the random walk theory and admits the efficient market theory. These results suggest attractive prospects for the financier to set offer/inquire instructions in order to make the most of the profits. Intermittent examination requests to be implement so that financier can attain irregular profits.

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[B. Velmurugan, RP. Nivethigha and C. Gnanaprakasam. (2017); ROLE OF CORPORATE SOCIAL RESPONSIBILITY (CSR): AN EFFORT TO SECTORAL ANALYSIS OF DAY OF THE WEEK EFFECT IN INDIAN STOCK MARKET. Int. J. of Adv. Res. 5 (11). 11-18] (ISSN 2320-5407). www.journalijar.com


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