Vol: 1, Issue: 3 2011

Page: -

Study on Price Behavior in Domestic Markets

Shunil Tripathi

Received Date:

Accepted Date:

Published Date: 29/08/2011

Return behavior in GDR markets reveals that out of 1070 serial correlation coefficients, 427 ( 39 . 91 per cent) were positive and 549 ( 51 . 31 per cent) were negative values. While the remaining, 94 (8. 78 per cent) had experienced zero coefficients signifying the absence of interdependence of any trend for GDR stock returns. As inferred in the earlier sections, dominance of negative serial correlation coefficient values points to the depressed stock prices in this context too. In addition, 183 (17. 10 per cent) serial correlation coefficients were considered significant at 5 per cent level of significance. Such a higher incidence of significant correlation coefficients points towards the traces of interdependence of stock return.

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