Functional Instability or Paradigm Shift?: A Characteristic by Amitava Sarkar

By Amitava Sarkar

The examine investigates the operating of the Indian inventory marketplace in recent times and makes an attempt to appear for practical instability, if any, embedded within the inventory industry. in particular, it explores to figure even if there been any major swap lately in Indian inventory marketplace and the character and features of such alterations, if any. It chooses the 9 yr interval from 1999 to 2008. Over this era, inventory industry witnessed a few significant rate adjustments: one in overdue 1999 that led to mid 2001, one other that started from mid 2004 and a up to date one who in impact began from early 2008. there's major volatility available in the market with presence of danger premium;there is uneven influence. The industry responds extra to the unfavourable shocks. the worldwide inventory industry is having its impression on Indian inventory marketplace. The influence of constructed kingdom impression, rather, that folks inventory industry has been the main renowned. there's a few proof for neighborhood contagion. once we examine the household sectors, we see that the normal sectors, -Capital items and customer Durables,are the 2 so much main sectors. different sectors, really the IT zone, have just a gentle, nearly insignificant influence on industry volatility and transmits little or no of its volatility to different sectors.

Show description

Read Online or Download Functional Instability or Paradigm Shift?: A Characteristic Study of Indian Stock Market in the First Decade of the New Millennium PDF

Similar nonfiction_9 books

Bone Marrow Pathology, Third Edition

Content material: bankruptcy 1 the traditional Bone Marrow (pages 1–50): bankruptcy 2 specified strategies acceptable to Bone Marrow prognosis (pages 51–89): bankruptcy three an infection and Reactive adjustments (pages 90–140): bankruptcy four Acute Myeloid Leukaemia, the Myelodysplastic Syndromes and Histiocytic Neoplasms (pages 141–190): bankruptcy five continual Myeloproliferative and Myeloproliferative/Myelodysplastic problems (pages 191–230): bankruptcy 6 Lymphoproliferative issues (pages 231–331): bankruptcy 7 a number of Myeloma and similar problems (pages 332–359): bankruptcy eight problems of Erythropoiesis, Granulopoiesis and Thrombopoiesis (pages 360–390): bankruptcy nine Miscellaneous problems (pages 391–429): bankruptcy 10 Metastatic Tumours (pages 430–461): bankruptcy eleven illnesses of Bone (pages 462–473):

Ciba Foundation Symposium 132 - Motor Areas of the Cerebral Cortex

Contains the lawsuits of a symposium held on the Ciba starting place, London, February 1987. Addresses major concerns and new thoughts within the research of motor parts of the cerebral cortex in people and animals. studies the old improvement of the examine of cortical constitution and serve as, examines anatomical connections of motor parts, and surveys physiological reports of cortical components in wakeful primates.

Self-Organizing Natural Intelligence: Issues of Knowing, Meaning, and Complexity

Self-Organizing traditional Intelligence brings new clinical easy methods to intelligence study that's presently less than the effect of principally classical nineteenth century unmarried causal concept and process. This out-dated classical technique has ended in the single-capacity g-theory, a "central processor," top-down, genetically decided linguistic view of intelligence that's at once contradicted by means of empirical evidence of human and animal reports of intelligence.

ICT Innovations 2012: Secure and Intelligent Systems

The current degree of the human civilization is the e-society, that's construct over the achievements got through the advance of the knowledge and verbal exchange applied sciences. It impacts each person, from usual cellphone clients to designers of top quality business items, and each human job, from taking therapy to enhancing the nation governing.

Additional info for Functional Instability or Paradigm Shift?: A Characteristic Study of Indian Stock Market in the First Decade of the New Millennium

Example text

However, studies in the context of India are limited in this respect. Sarkar et al. [50, 52–54], in their time-series and cross section studies on Indian stock markets over the period of 1990-2001, examined volatility, the possible presence of asset bubbles and financial fragility but refrained from the analysis of volatility transmission mechanism. Sharma and Kennedy [55] find strong link between the Indian, USA and UK markets. Rao and Naik [48] in their cross-spectral analysis found a weak relationship of Indian market with international markets which they attributed to the controlled Indian economy regime throughout the 1970s.

Some of the sectoral volatility could be attributed to market volatility. However, the impact of SENSEX has been much intense on sectoral volatility as compared to BSE 200, with very little of BSE 200 variability being transmitted to sectors. Hence, market to sector volatility transmission has been more prominent in case of BSE SENSEX than BSE 200, while sector to market volatility transmission has been more significant in case of BSE 200. So far as inter-sectoral volatility transmission is concerned, most of the sectoral volatility is coming from the variability in capital goods sector and consumer durables sector.

Effect of IT sector has been much less compared to capital goods, consumer durables and even automobile sectors. Metal sector has a negligible impact. The effect of IT sector on SENSEX is found to be mild on the second day after any shock to IT sector. 008 third day after the shock and reaches a constant level from the fourth day. The same is true for the public sector unit sector. However, for the capital goods or consumer durables sectors where the impacts are most significant, extent of shock increases slowly but surely to reach their constant levels since the fourth day.

Download PDF sample

Rated 4.77 of 5 – based on 31 votes