( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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EXAMINATION OF MONDAY EFFECT IN INDIAN STOCK MARKET

    3 Author(s):  DINESH K, DR. JANET JYOTHI D'SOUZA, RAMYASHREE D

Vol -  12, Issue- 4 ,         Page(s) : 260 - 269  (2021 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

This paper investigates the day-of-the-week effect study is very predominant studied in both emerging and developed markets and the results prove that, the average return on Friday is abnormally high, and the average return on Monday is abnormally low, several empirical research works have provided results on this area .Our study investigated Monday effect by enquiring all other days in a week. The data for the study has been collected from the capitaline database and yahoo finance, and the sample for the study is chosen from the BSE Sensex Index from January 2001 and December 2020.The volatility in returns is more for the sample period between 2006-2010 for the days in the week.

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Al-rjoub, S. A. M., & Alwaked, A. (2010). January Effect during Financial Crises : Evidence from the U . S. 24(24).
Amanulla, S., & Thiripalraju, M. (2001). Week-end effect: New evidence from the Indian stock market. Vikalpa, 26(2), 33-50.

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