Abstract:

Nifty 50, also referred to as the S&P CNX Nifty or the Standard & Poor's CRISIL NSE Index 50, is simply Nifty. This study looks at the impact of recent additions to the benchmark Nifty index on price and volume in the Indian stock market. This study demonstrates significant, positive, long-term anomalous returns in connection with index inclusion and announcement. The data for persistent anomalous volume around index increases is, at best, weak.

Description:

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