Influence of time on efficiency of Indian capital markets: Proposition of a recommendation engine

Nagpal, Gaurav, Inani, Sarveshwar Kumar, Nagpal, Ankita, Gupta, Ritik, Jain, Samyak, Khowal, Sanjana and Shahdadpuri, Saurabh (2023) Influence of time on efficiency of Indian capital markets: Proposition of a recommendation engine. In: 3rd International Conference on Issues and Challenges in Intelligent Computing Techniques, ICICT 2022, 11-12 November 2022, Ghaziabad.

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This study aims to investigate the influence of the time on the efficiency of Indian capital markets and to propose a recommendation engine that can assist as a feedback system for better investment actions and an efficient capital market. It uses the data comprising fifty stocks listed on the National Stock Exchange over a period from Jan'2015 to Dec'2020 to determine the capital market efficiency and its trends using three techniques: correlation test, residuals test, and runs test. The proposed recommendation engine can generate the implications of contemporary events on the stock prices which can further bring the pricing errors to the surface faster. It can also assist in enhancing the capital market's efficiency which leads to a reduction of arbitrage opportunities and faster removal of pricing anomalies in the market.

Item Type: Conference or Workshop Item (Paper)
Keywords: Market Efficiency | Capital Markets | Time Effect
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 15 Apr 2023 08:54
Last Modified: 15 Apr 2023 08:54
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