Testing Efficient Market Hypothesis (EMH) in Current Indian Stock Market Dr Bisen Vikram1,*, Pandey Madhulika2,* 1Director, Institute of Technology & Management (ITM) Group of Institutions, Lucknow 2Assistant Professor, Basudev Institute of Management & Technology, Lucknow *Email: vikram.bisen@rediffmail.com
**25madhulikapandey@gmail.com
Online published on 10 October, 2013. Abstract Over the past 40 years the importance of Efficient Market Hypothesis (EMH) is well documented and discussed. EMH is useful for analyzing the way equity markets function and consequently for providing appropriate information for investment decision. Market Hypothesis says that each and every investor have equal right to get earliest arrived information in financial market and to react on that. This paper provides a review about how now a day's market is inefficient either because of not getting all the fresh news related to stocks on time or they do not care about those news or they do not want to react on that piece of arrived information because of their own psychology or sentiments. Top Keywords Efficient Market Hypothesis (EMH), Securities and Exchange Board of India (SEBI). Top |