Category: Volume 4 Issue 2
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Stock Market Anomaly: Evidence from Holiday Effect of Indian Stock Market
Abstract : This paper analyses the presence of the calendar anomaly, like Holiday effect in the Indian stock market over a past decade during 2006 to 2015 based on market returns. The sample constitutes of the BSE Sensex and NSE Nifty. The study empirically defines the existence of the Holiday effects on the returns of the…