000			01493pab a2200205 454500
008			140923b0 xxu||||| |||| 00| 0 eng d
040			_cWelingkar Institute of Management Development & Research, Mumbai _aWelingkar Institute of Management Development & Research, Mumbai
041			_aENG
082			_a _bBod
100			_aBodla B S
245			_aMonthly Effects in Stock Returns : New Evidence from the Indian Stock Market
250			_a7
260			_a _bJul 2006 _c0
300			_a5-13 Pp.
490			_v12
520			_aThe efficiency of the capital market has raised various debatable issues all over the world. Numerous studies give evidence that the capital markets are informationally efficient and hence, cannot outperform the market consistently on the basis of price change predictions. However, some researchers have also brought into light seasonal effects/calendar anomalies in the developed markets. This paper investigates one of such anomalies (monthly effects) in an emerging capital market (Indian). For this, the daily price index (S&P CNX NIFTY) data have been collected and analyzed for the period from January 1998 to August 2005 by segmenting it into three sets, i.e., 1998-01, 2002-05, and 1998-05. The result of this study shows that the turn of the month effect and semi-monthly effect are prevalent in the Indian stock market.
650			_aStock Returns, Stock Market,
856			_uhttp://192.168.6.13/libsuite/mm_files/Articles/AR8435.pdf
906			_a24798
999			_c28351 _d28351