What to read after Capital Market Development and Investor's Response?

Indian capital market has undergone fast changes particularly since the initiation of new economic and financial reforms in the year 1992. In the Indian economy, moving in the direction of privatization, deregulation, liberalization and globalization, the role of capital and capital market can be overemphasized. A well-organized capital market is supposed to perform disciplinary, allocative and investor protective functions effectively and efficiently. This will lead to effective channelization of foreign as well as domestic capital flow for the overall economy's growth and development. However, few studies that have been done on the Indian Capital Market have left many essential issues untouched.

    This book in its attempt to fill this vacant empirically investigates the role of the capital market in economic development, various indicators of the development of the capital market in India, efficiency and seasonality in the capital market, volatility in the market and Investors' perception about Indian capital market, etc. The book has been divided into eight chapters.

CONTENTS

Preface

1. Captial MARKET 11

Functions, Perfect Capital Market, Capital Market and

Economic Growth, Studies on Capital Market, Objectives

of the Study

2. Capital Market Development 37

Theories of Capital Market, Indicators of Capital Market

Development, Regulation & Regulatory Body, the structure of

Capital Market in India

3. Research Methodology 73

Hypotheses, Indicators Selected for the Study, Period of the

The study, The Sample, The Database, Statistical Tools, Methods

of Investigation and Analysis

4. Capital Market Development in India 89

The trend in Capital Market, Trend in Capital Market Indicators,

Composite Index of Capital Market, Development: SINDEX,

Capital Market Development and Economic Growth, Weak

Form Efficiency, Day of the Week , Effect & Monthly Effect

5. MP Stock Exchange 155

MP Stock Exchange, Management of Stock Exchange,

Members, Growths and Turnover on MP Stock Exchange,

Annual Report of MP Stock Exchange

6. Investors’ Response to Capital Market 171

Empirical Evidences on Sample Investors, Empirical

Evidence on Investors, Investments & Trading Activities, The

Changing Patterns of Investment & Trading Preferences,

Investors' Share Portfolio Practices

7. SEBI & Investors' Response 201

Surveillance By SEBI, Investigation by SEBI, Investors

Perceptions about the regulation of Capital Market in India,

Major Policy Initiatives and Developments in the Capital

Market

8. Contemporary Relevance & Suggestions 229