| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 8 |
NO. 1 |
PAPER 8 |
| |
TESTING THE WEAK FORM EFFICIENCY IN INDIAN COMMODITIES MARKET |
| |
| M. Babu* and S. Srinivasan** |
| * Assistant Professor, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India |
| ** M.Phil Research Scholar, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirapalli, Tamil Nadu, India |
| |
| This Paper aims to Test the Weak Form Efficiency in Indian Commodities Market. There are various studies relating to testing the Efficiency of Capital Markets at National and Global Level. An attempt has been made in this Paper to test the Weak Form Efficiency in Multi Commodity Exchange India Ltd, using Runs Test and Johansen Co-Integration Test. A Sample of 8 Commodities based on the total turnover during the study period was selected. The results of the study provide evidence against weak form of Efficient Market Hypothesis for majority of the select sample commodities during the study period. |
| |