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The present study aims to test whether the Indian stock market has weak form market efficiency in nature. The market efficiency implication in the function of capital market always stimulates the investor to generate more return and also it determine of market trend based on stock price movement. In the economic development of stock market the financial market research plays a vital role in order to find the stock market efficient and the selected IT Companies which is registered in BSE India taken as Sample units, the daily stock return and closing price for the period of 1st April 2017 to 31st March, 2022 collected from Capital Line Database and the prices movement is analysed by Shapiro Wilk Test, Jarque-Bera Test, Augmented Dickey Fuller Test and Runs Test. Finally this study concludes that the Indian stock market has weak form market efficient.

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Testing the Weak-Form Market Efficiency of IT Sector: An Empirical Evidence from India

  • 章节

  • 发表日期：

    2025年

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  • M. Krishnamoorthi,
  • Debjani Guha,
  • S. Nikitha Neelappa,
  • Aftab Shaikh,
  • P. Venkatesh

摘要

The present study aims to test whether the Indian stock market has weak form market efficiency in nature. The market efficiency implication in the function of capital market always stimulates the investor to generate more return and also it determine of market trend based on stock price movement. In the economic development of stock market the financial market research plays a vital role in order to find the stock market efficient and the selected IT Companies which is registered in BSE India taken as Sample units, the daily stock return and closing price for the period of 1st April 2017 to 31st March, 2022 collected from Capital Line Database and the prices movement is analysed by Shapiro Wilk Test, Jarque-Bera Test, Augmented Dickey Fuller Test and Runs Test. Finally this study concludes that the Indian stock market has weak form market efficient.