• Ms. MANPREET KAUR
• Dr. RUBEENA BAJWA

The present analysis was conducted to examine weak form of efficient market hypothesis in sectoral indices of Bombay Stock Exchange (BSE), India. For the purpose of study daily statistical data for five listed sectoral indices (BSE Auto, BSE Bankex, BSE FMCG, BSE Healthcare and BSE Oil & Gas) was used for five years covering the period from April 2012 to March 2017. Unit root test, Serial correlation test, Variance ratio test and Runs test was conducted in order to test the weak form efficiency. With the exception of two sectors BSE FMCG and BSE Oil & Gas under Runs test, the random walk hypothesis framed under the respective tests were rejected during the study period which indicates that Indian stock is a weak form efficient.

Efficient market hypothesis, Random walk, sectoral indices, Autocorrelation, Runs test

"AN EMPIRICAL ANALYSIS OF WEAK FORM EFFICIENCY: EVIDENCES FROM SELECTED SECTORAL INDICES OF BSE, INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.429-433, June-2019, Available :http://www.jetir.org/papers/JETIR1908B55.pdf

"AN EMPIRICAL ANALYSIS OF WEAK FORM EFFICIENCY: EVIDENCES FROM SELECTED SECTORAL INDICES OF BSE, INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp429-433, June-2019, Available at : http://www.jetir.org/papers/JETIR1908B55.pdf