Indian stock market Asset price behaviour and market efficiency Amanullah S Author

Stock market plays a more vital role in a nation's economy than just mobilize new capitalA healthy national stock market has been considered essential to national economic growth due to its different bundle of crucial services that stimulate the accu... Read more

Stock market plays a more vital role in a nation's economy than just mobilize new capitalA healthy national stock market has been considered essential to national economic growth due to its different bundle of crucial services that stimulate the accumulation of capital and contribute to improvements in productivity. An efficient market, with a good banking system, thus enables not only to promote economic growth but also to predict it. Indicators such as capitalization, liquidity, asset pricing and turnover relating to stock market operations have been used to understand whether a national economy is proceedingon sound lines or not. Further, economic development also induces stock market development which in turn provides the means to predict future rates of growth in capital,productivity and per capita GDP. Less