• Bhumi c. Savaliya
• Mr. Nisarg shah

The main objective behind this study is identify the impact of demonetization on Indian stock market and also find out the fluctuation of shares of selected companies during the pre and post announcements of demonetization. In this research, automobile, IT, pharmaceuticals, realistic companies and public & private banks are considered. All companies are selected on basis of capital market. All companies share price have been collected from NSE website respectively. Average, standard deviation, correlation, covariance, coefficient variation, hypothesis, paired t-test as a statistical tools and trend analysis has been used. This study concludes that possibility of these effects being temporary may seem to be a ray of hope. The stock market in India has fallen a bit more in comparison with emerging Asian markets. The significant impact of the demonetization will be in the unorganized sector which isn’t reflected in the markets.

Demonetization, share price, impact, stock market

"A study on impact of demonization on Indian stock market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.396-402, April-2019, Available :http://www.jetir.org/papers/JETIR1904056.pdf

"A study on impact of demonization on Indian stock market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp396-402, April-2019, Available at : http://www.jetir.org/papers/JETIR1904056.pdf