• KRISHAN KUMAR
• DR. BHAVESH P. JOSHI

Many of the fund managers, stock brokers, individual, mutual funds and various other professional stock markets information users had been continuously trying to yield better results than earlier or beat the market by generating more returns than the market return. At this juncture the question of utmost importance is whether this reliance on the previous performances of stocks and portfolios is a result of better investments and trades or just a matter of chance. Human nature to believe on the individual’s skills sets for the successful returns and fate or chance for the failure is an old phenomenon. As a mode of reliance on model is concerned the debate starts with Capital Asset Pricing Model (CAPM) and its existence. Traditionally the CAPM beta had been a mark of systematic risk, i.e non-diversifiable risk of a portfolio return due to exposure to the market. In other words beta is the correlation between the assets excess return over the return of market portfolio. This paper tries to understand the current stature of CAPM in Indian stock market with few real companies data taken from NSE.

CAPM, Efficient Market Hypothesis, Jensen Alpha, CAPM Beta, NSE India

"CAPM pre and post demonetization: case study of few Indian securities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.295-298, June 2019, Available :http://www.jetir.org/papers/JETIR1907A68.pdf

"CAPM pre and post demonetization: case study of few Indian securities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp295-298, June 2019, Available at : http://www.jetir.org/papers/JETIR1907A68.pdf