Article : Stock Market Response To Tax Reduction In Automobile Sector In Interim Budget 2014-15

Title

Stock Market Response To Tax Reduction In Automobile Sector In Interim Budget 2014-15

Author

Dr. Vipin Kumar

In this paper, we seek to explore the interaction between the Interim Budget and the stock market in the context of stock market reaction to particular news in the tax reduction in the automobile sector announced in interim budget 2014-15. This favorable information must bring positive reaction to the stock market and particularly in the context of automobile sector under the theory of efficient market hypothesis. We testify that hypothesis by applying event study methodology and give comprehensive explanation of the reaction of stock market index (BSE AUTO) to that particular information

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