Journal of Management Research and Analysis

Print ISSN: 2394-2762

Online ISSN: 2394-2770

CODEN : JMRABX

Journal of Management Research and Analysis (JMRA) open access, peer-reviewed quarterly journal publishing since 2014 and is published under auspices of the Innovative Education and Scientific Research Foundation (IESRF), aim to uplift researchers, scholars, academicians, and professionals in all academic and scientific disciplines. IESRF is dedicated to the transfer of technology and research by publishing scientific journals, research content, providing professional’s membership, and conducting conferences, seminars, and award programs. With more...

Article type

Original Article


Article page

56-62


Authors Details

Krunal K. Bhuva, KJ Thankachan


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Week of the day Impact on Share market - reference to Automobile Industry


Original Article

Author Details : Krunal K. Bhuva, KJ Thankachan

Volume : 4, Issue : 2, Year : 2017

Article Page : 56-62


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Abstract

This study investigates week of the day (DOW) irregularity in the NIFTY and stocks of Auto Mobile sector. The authors have used regression model to study the effect and t-test for testing the hypothesis. The study shows that the day of the week effect is present in both return of auto sector and volatility of the sector. The uppermost and lower returns are experimental on two days that is (Wednesday and Tuesday) on Nifty stock and Thursday and Monday respectively in auto sector. The uppermost and lower volatility are observed on Tuesday and Friday on Nifty stocks and Wednesday and Tuesday on auto sector. These relations and trend can prove to be of great importance in making the decision of trading on particular calendar day in the market

Keywords: Regression, Week of the day impact, AUTO mobile companies, Risk and returns.


How to cite : Bhuva K K, Thankachan K, Week of the day Impact on Share market - reference to Automobile Industry. J Manag Res Anal 2017;4(2):56-62

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