Impact of valuation ratios on the performance of major Indian sectoral market indices Kumar N. Venkatesh*, Dr. Babu M Ganesh** *Research Scholar, PG & Research Department of Management, Rajagiri Dawood Batcha College of Arts & Science, Papanasam, Tamil Nadu, India. Email id: npavsk@gmail.com **Assistant Professor & Research Advisor, PG & Research Department of Management, Rajagiri Dawood Batcha College of Arts & Science, Papanasam, Tamil Nadu, India. Email id: ishwar_ind2002@yahoo.com Online published on 10 October, 2018. Abstract This empirical research paper examines the impact of major market valuation ratios on the performance of sect oral market indices namely Bombay Stock Exchange's S&P BSE BANKEX and National Stock Exchange's NIFTY BANK for the period from 2005 to 2018. The monthly closing prices of respective index, Price-Earnings ratio, Price to Book ratio and Dividend Yield have been used for analysis and the latter three have been considered as explanatory variables in the model framework. The robust techniques such as Wald-Wolfowitz Runs test and ordinary least square multiple regressive model have been used for statistical inference. The study has shown that both the selected indices exhibit skewed distribution, weak-form inefficient during the study period. Top Keywords S & P Bse Bankex, NSE Nifty Bank, Efficient Market, Weak-Form, Runs Test, Valuation Ratio. Top |