LEADER 04944nam 2200577Ia 450 001 9910741157403321 005 20200520144314.0 010 $a81-322-1127-8 024 7 $a10.1007/978-81-322-1127-3 035 $a(CKB)2550000001046109 035 $a(EBL)1206389 035 $a(SSID)ssj0000879328 035 $a(PQKBManifestationID)11545990 035 $a(PQKBTitleCode)TC0000879328 035 $a(PQKBWorkID)10851896 035 $a(PQKB)10870989 035 $a(DE-He213)978-81-322-1127-3 035 $a(MiAaPQ)EBC1206389 035 $a(PPN)169141470 035 $a(EXLCZ)992550000001046109 100 $a20130410d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMomentum trading on the Indian stock market /$fGagari Chakrabarti, Chitrakalpa Sen 205 $a1st ed. 2013. 210 $aNew Delhi ;$aNew York $cSpringer$dc2013 215 $a1 online resource (110 p.) 225 1 $aSpringerBriefs in economics,$x2191-5504 300 $aDescription based upon print version of record. 311 $a81-322-1126-X 320 $aIncludes bibliographical references. 327 $aChapter 1: Introduction -- Chapter 2: Trends in Indian Stock Market: Scope for designing Profitable Trading Rule? -- 2.1. Introduction -- 2.2. Trends and Latent Structure in Indian stock market -- 2.3. Detection of Structural Break in volatility -- 2.4. Identifying Trends in Indian Stock Market: The Methodology -- 2.5. Trends and latent structure in Indian Stock Market: Bombay Stock Exchange -- 2.6. Trends and latent structure in Indian Stock Market: National Stock Exchange -- Chapter 3: Possible Investment Strategies in Indian Stock Market -- 3.1. Introduction -- 3.2. Investment Strategies in BSE -- 3.3. Investment Strategies in NSE -- Chapter 4: Investigation into Optimal Trading Rules in Indian Stock Market -- 4.1. Introduction -- 4.2. Literature review -- 4.3. Objectives of the chapter -- 4.4. Dataset -- 4.5. Finding the Optimum Trading Rule -- 4.6. How the Trading Rule varies depending on the performance of the Economy -- 4.7. Finding the Optimum Trading Rule for BSE Indexes -- 4.8. Finding the Optimum Trading Rule for the NSE Indexes -- 4.9. Behaviour of Indexes before and after the Crisis -- 4.10. The Optimal Trading Rule in India: The epilogue.  . 330 $aThis study is an exploration of the Indian stock market, focusing on the possible presence of momentum trading. One thing, however, should be noted. While it is true that momentum trading, which tends to generate speculative bubbles, may result in a financial market crash, its nature in contrast might depend on the nature of the economy itself. The study, while exploring the presence and nature of momentum trading on the Indian stock market in recent years, seeks to relate it to significant structural breaks in the Indian or global economy. To be precise, it outlines a potential correlation between the instability in the stock market and the speculative trading on the market, exploring the question of whether it is human psychology that drives financial markets. In the process, the choice of a significant structural break has been obvious: the global financial meltdown of 2007-2008 ? a crisis that has often been referred to as the worst ever since the crash of 1929. While analyzing the nature of momentum trading on the Indian stock market with regard to the financial crisis of 2007-08, the study takes into account two major representatives of the market, the BSE (Bombay Stock Index) and NSE (National Stock Index), for the period 2005 to 2012. This study seeks to answer a few important questions. First of all, it tries to unveil the underlying structure of the market. In doing so, it examines the following issues: (i) What was the latent structure of the Indian stock market leading up to the crisis of 2007-08? Does the structure offer insights into designing profitable trading strategies? (ii) Is it possible to construct a profitable portfolio on the Indian stock market? (iii) Is there any profitable trading strategy on the Indian stock market? While exploring these issues, the study delves deeper, breaking the whole period down into two sub-periods, before the crisis of 2008 and after the crisis. The purpose of this division is to determine whether there has been any discernible change in the market structure since the shock. 410 0$aSpringerBriefs in economics. 606 $aStock exchanges$zIndia 606 $aCapital market$zIndia 615 0$aStock exchanges 615 0$aCapital market 676 $a332.34/20954 700 $aChakrabarti$b Gagari$0957696 701 $aSen$b Chitrakalpa$01755100 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910741157403321 996 $aMomentum trading on the Indian stock market$94191732 997 $aUNINA