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This book analyses the dynamics of Indian stock market with a special emphasis during the period following emergence of Covid-19. Coming from the instability in stock market following Covid-19, it delves deeper into the dynamics and unfolds the causal relationship between various economic fundamentals and the stock prices. Observing short-term herding in the stock market following Covid-19, the book's finding suggests that investors in the Indian stock market made investment choices irrationally during Covid-19 crisis periods. It also showcases how the stock market became inefficient following…mehr

Produktbeschreibung
This book analyses the dynamics of Indian stock market with a special emphasis during the period following emergence of Covid-19. Coming from the instability in stock market following Covid-19, it delves deeper into the dynamics and unfolds the causal relationship between various economic fundamentals and the stock prices. Observing short-term herding in the stock market following Covid-19, the book's finding suggests that investors in the Indian stock market made investment choices irrationally during Covid-19 crisis periods. It also showcases how the stock market became inefficient following the emergence of pandemic and did not follow the fundamentals. Interestingly, the findings suggest no relationship between stock returns and real economic activities in India. The format of presentation makes the book well suited not only for students, academics, policy makers and investors in the stock markets, but also people engaged or interested in business and finance. The book wouldthus be of interest to both specialists and the laity. Analysis contained in this book will help different readership groups in different ways. Researchers from economics and finance disciplines will be able to learn about frontiers in the theoretical paradigms discussed in the book; advanced econometric techniques applied in the book will also be useful for their own research. The macroeconomic insights, and insights from behavioural economics, can expand the knowledge of corporate sector, useful in making real life decisions. Finally, it will help policy makers, like SEBI (Securities and Exchange Board of India), to formulate appropriate regulatory policies so as to minimize possibility of speculative bubbles as experienced during the pandemic period in the Indian stock markets.
Autorenporträt
Indrani Chakraborty is Professor of Economics at the Institute of Development Studies Kolkata. She was formerly at the Centre for Development Studies, Trivandrum and University of North-Bengal,West Bengal. She did her Ph.D. in Economics from the University of Calcutta in 1993. She has published a large number of articles in reputed journals and contributed to many book volumes on the impact of capital inflows, the role of financial development on economic growth, capital structure of corporate firms, impact of reforms on firms' performance, impact of mergers and acquisitions on firm performance and many other issues relating to corporate finance, international finance and development economics. She published an edited volume titled "Market, Regulations and Finance: Global Meltdown and the Indian Economy" by Springer in 2014 jointly with R. Khasnabis.