An Empirical Study on Some Behavioural Aspects and Predictability of Stock Markets

Abstract

It is a well-recognized fact that capital accumulation plays an important role in the growth of newlinean economy. One of the significant sources for capital accumulation is stock markets, which newlinemobilize savings and channel them to productive investment purposes. This phenomenon was newlineobserved by several researchers in their theoretical as well as empirical studies (Bagehot newline(1873), Schumpeter (1911), Levine.R (1993, 1997), Rajan and Zingales (1998), Rousseau and newlineWatchel (2000), Beck et al., (2003), Guptha and Rao (2018)). newline