Volume : 2, Issue : 6, JUN 2016

AN ANALYSIS OF WEAK-FORM EFFICIENCY IN REALTY SECTOR: A STUDY WITH A SPECIAL REFERENCE TO NATIONAL STOCK EXCHANGE

Mrs. K. Hemalatha, Dr. V. R. Nedunchezian

Abstract

The realty sector one of the most globally recognised sectors. Today realty sector growing 25-30 percent annually. Capital market is one of the significant phases of every financial institution and now it's playing a strategic role in a country's economic growth. The purpose of this study is to test ”The Weak Form Efficient Market Hypothesis in National Stock Exchange” by taking the Daily closing prices of selected realty companies. The three conventional ways: Augmented Dickey Fuller Test, Autocorrelation and TGarch are used to prove the evidences of weak form market efficiency. The evidences have confirmed that during 2015, National Stock Exchanges is not efficient in a weak form.

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