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STOCK RETURNS AROUND NEW YEAR DAY IN INDIA
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Author(s):
DINESH K, DR. JANET JYOTHI D'SOUZA, PRIYANKA R V
Vol - 8, Issue- 1 ,
Page(s) : 42 - 50
(2021 )
DOI : https://doi.org/10.32804/IRJMSI
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Abstract
The presence of calendar anomalies in the stock market yield prospect to investors at large, the present study investigated the presence of January effect in the by considering the monthly return data from the period of 2000 -2020 is considered for the study. We have studied January effect in (BRICS) Brazil, Russia, India, China and South Africa as these are emerging stock markets contributes greatly to the global economic development. The results are presented using the descriptive statistics, the results shows that the mean returns are found the not significantly different from for the entire sample period. The standard deviation is go affected only during the global market volatility events such as Global financial crisis and global Pandemic. The findings of this study will be useful for the interested research scholar and policy maker on the topic of holiday effect.
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