The Impact of Demonetization on Indian Stock Market: A Sectoral Analysis of Bombay Stock Exchange. (Record no. 53297)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02151nam a2200229 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20200102131903.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 200102b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Dev, Surya |
| 9 (RLIN) | 35593 |
| 245 ## - TITLE STATEMENT | |
| Title | The Impact of Demonetization on Indian Stock Market: A Sectoral Analysis of Bombay Stock Exchange. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 71-88 p. |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE | |
| Title | IUP Journal of Applied Economics |
| Volume number/sequential designation | XVIII (4) |
| 9 (RLIN) | 35594 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In 2016, the Indian government demonetized the 500 and 1,000 notes, the two highest denomination currencies in the system. This was a rare event that affected the entire Indian economy. The present study aims to find out the impact of the demonetization on the stock market by applying the event study methodology on 19 sectoral indices of Bombay Stock Exchange. The period of study spans from April 1, 2015 to November 24, 2016. The estimation period is from April 1, 2015 to September 30, 2016. The Cumulative Abnormal Returns (CAR) are calculated for 25 trading days before the event day to 10 days after it, with November 9, 2016 considered as the event date. The results of the study show that demonetization had a positive impact on indices like the public sector enterprise (CPSE), power (SIPOWE), infrastructure (Infra), banks (SIBANKEX), healthcare (SI0800), metals (SI1200) and utilities (SPBSUTIP), and negative impact on indices like auto (SI1900), FMCG (SI0600), consumer discretionary goods (SPBSCDIP), realty (SIREAL), basic materials (SPBSBMIP), and tech (SIBTEC), while capital goods (BISO200), oil and gas (SI1400), energy (SPBSENIP), industrials (SPBSIDIP), and telecom (SPBSTLIP) indices were not affected. The findings also reveal that there is no leak about the event to the market as the CAR for the pre-event period is not significant for any sector. [ABSTRACT FROM AUTHOR] |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Stock exchanges |
| Uncontrolled term | Abnormal returns |
| Uncontrolled term | Marketing research |
| Uncontrolled term | Stock price indexes |
| Uncontrolled term | Event marketing |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Mohapatra, Pranat |
| 9 (RLIN) | 35595 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 30428 |
| Host Itemnumber | 77447 |
| Main entry heading | MURTHY, E N |
| Place, publisher, and date of publication | IUP PUBLICATION HYDERABAD |
| Other item identifier | 55511197 |
| Title | APPLIED ECONOMICS |
| 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 | 02/01/2020 | Vol 18, No 4/ 55511197JA4 | 55511197JA4 | 02/01/2020 | 02/01/2020 |