A Study on Stock Market Volatility and Seasonality in the Bombay Stock Exchange
Keywords:
Stock Exchange, Annual, Enormous GrowthAbstract
This paper investigates the presence of the day-of-the-year effect, returns volatility, and analyses the annual returns of the Bombay
Stock Exchange. A set of standard deviation, range, skewness, kurtosis, and chi-squared values of the returns across the days of the
year. To supplement this analysis, a graphical representation of the index's annual percentage changes was explored. The results
contradict the presence of the day-of-the-year effect but indicate insignificant yearly return volatility in most of these markets. The
stock exchanges experienced enormous growth between 2017 and 2021.
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