skip to main content
Guest
My Research
My Account
Sign out
Sign in
This feature requires javascript
Library Search
Find Databases
Browse Search
E-Journals A-Z
E-Books A-Z
Citation Linker
Help
Language:
English
Vietnamese
This feature required javascript
This feature requires javascript
Primo Search
All Library Resources
All
Course Materials
Course Materials
Search For:
Clear Search Box
Search in:
All Library Resources
Or hit Enter to replace search target
Or select another collection:
Search in:
All Library Resources
Search in:
Print Resources
Search in:
Digital Resources
Search in:
Online E-Resources
Advanced Search
Browse Search
This feature requires javascript
Search Limited to:
Search Limited to:
Resource type
criteria input
All items
Books
Articles
Images
Audio Visual
Maps
Graduate theses
Show Results with:
criteria input
that contain my query words
with my exact phrase
starts with
Show Results with:
Search type Index
criteria input
anywhere in the record
in the title
as author/creator
in subject
Full Text
ISBN
ISSN
TOC
Keyword
Field
Show Results with:
in the title
Show Results with:
anywhere in the record
in the title
as author/creator
in subject
Full Text
ISBN
ISSN
TOC
Keyword
Field
This feature requires javascript
Price and Volume Effects of NIFTY 50 Index Reorganization
Journal of commerce and accounting research, 2020-10, Vol.9 (4), p.31
Copyright Publishing India Group 2020 ;ISSN: 2277-2146 ;EISSN: 2320-4990
Full text available
Citations
Cited by
View Online
Details
Recommendations
Reviews
Times Cited
External Links
This feature requires javascript
Actions
Add to My Research
Remove from My Research
E-mail
Print
Permalink
Citation
EasyBib
EndNote
RefWorks
Delicious
Export RIS
Export BibTeX
This feature requires javascript
Title:
Price and Volume Effects of NIFTY 50 Index Reorganization
Author:
Chhatwani, Malvika
Subjects:
Stock exchanges
Is Part Of:
Journal of commerce and accounting research, 2020-10, Vol.9 (4), p.31
Description:
Nifty 50 index comprises of largest, most liquid, and reputed 50 (51 from 2016) stocks listed on National Stock Exchange (NSE) India. During the index-composition changes, many stocks keep entering and exiting the benchmark index, and their impact is observed in the changes in the returns of a particular stock. We study the impact on price and volume traded of stocks being included and excluded from the Nifty fifty index during the year 2000 to 2016. We find evidence that stocks generate abnormal positive returns after index inclusion and they face abnormal negative returns after index exclusion. Further, abnormal returns get reversed for index included stocks in 60 days after the inclusion, while the excluded stocks yield negative returns only in the first ten days. Based on the event study analysis, the empirical findings show that after 60 to 240 days of exclusion, these stocks yield around 4% to 7% positive abnormal returns. Thus, there is an evidence of a short-term impact on the returns of stocks because of inclusion or exclusion from the benchmark index. Relevant policy implications are discussed.
Publisher:
New Delhi: Publishing India Group
Language:
English
Identifier:
ISSN: 2277-2146
EISSN: 2320-4990
Source:
AUTh Library subscriptions: ProQuest Central
This feature requires javascript
This feature requires javascript
Back to results list
This feature requires javascript
This feature requires javascript
Searching Remote Databases, Please Wait
Searching for
in
scope:(TDTS),scope:(SFX),scope:(TDT),scope:(SEN),primo_central_multiple_fe
Show me what you have so far
This feature requires javascript
This feature requires javascript