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Semi Month Effect in Indian Health Care Sector with Reference Bse Health Care Index


J.Sudarvel , Karpagam Acedamy of Higher Education; Dr. R. Velmurugan, Karpagam Acedamy of Higher Education; Dr. K. Kumuthadevi, Karpagam Acedamy of Higher Education


Anomalies, Semi Month Effect, BSE Health Care Index, and Efficient Market Hypothesis


This study investigates the existence of a Semi month effect in India’s Health Care sector. The study uses the daily return data of the Bombay Stock Exchanges (BSE) Health Care (HC) Index for the period ranging between April 2006 and March 2015. After examining the random of the return series, we insist on Descriptive statistics & paired ‘t” test to find the semi month effect in stock returns in India. The outcomes confirm the presence of seasonality in stock returns in India and the semi month effect. The findings are also reliable with the semi-month effect does exist in the BSE Health Care index. The results of the study imply that the stock market in India, Health Care sector is inefficient, and hence, investors can time their share investments to expand returns.

Other Details

Paper ID: IJSRDV3I80006
Published in: Volume : 3, Issue : 8
Publication Date: 01/11/2015
Page(s): 5-7

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