LIQUIDITY AND MARKET RETURN : A CASE OF NATIONAL STOCK EXCHANGE OF INDIA LTD .

  • Vaibhav Lecturer, Faculty of Commerce, Rajiv Gandhi South Campus, Barkacha, Banaras Hindu University.
  • Hariom Gupta Research Scholar, Faculty of Commerce, Banaras Hindu University, Varanasi.
Keywords: LIQUIDITY AND MARKET, NATIONAL STOCK EXCHANGE OF INDIA LTD

Abstract

The study examines the impact of liquidity on market return. The turnover ratio has been taken as a proxy of the liquidity while the return of S&P CNX Nifty has been used. The study uses the monthly data for the period of five years spread over 2003-04 to 2007-08. It has been observed that almost all
companies listed at NSE are being traded but the frequent trading is concentrated to the few companies. On an average, turnover ratio is sufficient to say the market is liquid; it is because of the large cap companies which have captured a huge part of the total trading. It has been found that the
turnover ratio do not play any role in the market return.

Published
2020-03-20
How to Cite
Vaibhav, & Hariom Gupta. (2020). LIQUIDITY AND MARKET RETURN : A CASE OF NATIONAL STOCK EXCHANGE OF INDIA LTD . Management Insight, 5(1), 80-85. Retrieved from https://journals.smsvaranasi.com/index.php/managementinsight/article/view/317
Issue
Vol. 5 No. 1 (2009): Management Insight
Section
Articles