Market return represents the total return of the market index. It is found that performance of the few sectoral indexes is very high compared to the market index return. This study finds the variance in all sectoral indices and the market Index (BSE) return and illustrates the significance of...

This paper investigates the predictability of asset prices among developed and emerging markets. Weekly and monthly stock market indices from developed and emerging market economies are analysed to check the validity of weak-form of Efficient Market Hypothesis (EMH) using various empirical...