Market State and Investment Strategies: Evidence from the Indian Stock Market (Record no. 50360)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01994nam a2200205 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20181030144310.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 181030b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Maheshwari, Supriya |
| 9 (RLIN) | 32355 |
| 245 ## - TITLE STATEMENT | |
| Title | Market State and Investment Strategies: Evidence from the Indian Stock Market |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 154-171 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This study contributes to the growing literature on momentum and overreaction effect by investigating the same within the framework of the Indian stock market. Based on the most adopted methodology that employs monthly data, the empirical results derived confirm the existence of momentum and long-term overreaction effect in the Indian stock market. The overall results from the study are consistent with DeBondt and Thaler (1985) and Jegadeesh and Titman (1993) findings for the US stock market. In addition, we tested the profitability of momentum and contrarian strategies under different market states. The results indicated a strong relationship between the state of the market and momentum profitability, wherein strong momentum profits were observed following an ‘up’ market. On the contrary, long-term contrarian strategies were found to be stronger following a ‘down’ market in the Indian stock market. The market-dependent asset pricing model failed to explain excess momentum profits in the Indian stock market. The evidence from the study provides partial support to various behavioural models to explain these effects in the Indian stock market. However, there exists a need to develop a single behavioural model that could explain these anomalies completely in the emerging markets like India. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Momentum, contrarian, |
| Uncontrolled term | Indian stock market, |
| Uncontrolled term | market state |
| Uncontrolled term | behavioural models |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Dhankar, Raj S. |
| 9 (RLIN) | 32356 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 50183 |
| Host Itemnumber | 72607 |
| Main entry heading | Sage Publication |
| Place, publisher, and date of publication | New Delhi Sage Publication |
| Other item identifier | 5559322 |
| Title | IIM KOZHIKODE SOCIETY AND MANAGEMENT REVIEW |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 30/10/2018 | Vol 7, No 2/ 5559322JA5 | 5559322JA5 | 30/10/2018 | 30/10/2018 |