The Indian Stock Market and the Great Recession
This study analyzes the impact of the outbreak of the Great Recession of 2007 on the behavior of the Indian stock market. The SENSEX index of the Bombay Stock Exchange is analyzed for the prerecession period of January 2002 – November 2007 and the postrecession outbreak period of December 2007 – Jul...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2012-03-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/698.pdf
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| _version_ | 1811232450657910784 |
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| author | Arindam MANDAL Prasun BHATTACHARJEE |
| author_facet | Arindam MANDAL Prasun BHATTACHARJEE |
| author_sort | Arindam MANDAL |
| collection | DOAJ |
| description | This study analyzes the impact of the outbreak of the
Great Recession of 2007 on the behavior of the Indian stock market. The
SENSEX index of the Bombay Stock Exchange is analyzed for the prerecession
period of January 2002 – November 2007 and the postrecession
outbreak period of December 2007 – July 2010. Substantial
increase in SENSEX return volatility observed during the post-recession
outbreak period, whereas no substantial difference in returns between
two periods is found. Also strong co-movements in returns and volatility
are observed between the SENSEX and other major stock indexes during
the post-recession period. Our results establish the dominance of global
factors in influencing Indian stock market behavior during periods of
economic turmoil. |
| first_indexed | 2024-04-12T11:03:00Z |
| format | Article |
| id | doaj.art-058cec4b8feb45988c7507902ff465cc |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-04-12T11:03:00Z |
| publishDate | 2012-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-058cec4b8feb45988c7507902ff465cc2022-12-22T03:35:53ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292012-03-01XIX3517618418678The Indian Stock Market and the Great RecessionArindam MANDAL0Prasun BHATTACHARJEE1 Siena College, Loudonville, USA East Tennessee State University, Johnson City, USA This study analyzes the impact of the outbreak of the Great Recession of 2007 on the behavior of the Indian stock market. The SENSEX index of the Bombay Stock Exchange is analyzed for the prerecession period of January 2002 – November 2007 and the postrecession outbreak period of December 2007 – July 2010. Substantial increase in SENSEX return volatility observed during the post-recession outbreak period, whereas no substantial difference in returns between two periods is found. Also strong co-movements in returns and volatility are observed between the SENSEX and other major stock indexes during the post-recession period. Our results establish the dominance of global factors in influencing Indian stock market behavior during periods of economic turmoil. http://store.ectap.ro/articole/698.pdf great recessionSENSEXcontagionvolatilitydaily returns |
| spellingShingle | Arindam MANDAL Prasun BHATTACHARJEE The Indian Stock Market and the Great Recession Theoretical and Applied Economics great recession SENSEX contagion volatility daily returns |
| title | The Indian Stock Market and the Great Recession |
| title_full | The Indian Stock Market and the Great Recession |
| title_fullStr | The Indian Stock Market and the Great Recession |
| title_full_unstemmed | The Indian Stock Market and the Great Recession |
| title_short | The Indian Stock Market and the Great Recession |
| title_sort | indian stock market and the great recession |
| topic | great recession SENSEX contagion volatility daily returns |
| url |
http://store.ectap.ro/articole/698.pdf
|
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