Open AccessImpact of Budget on Indian Share Market
Author(s) -
Mrs. Zankhana Atodaria,
Miss. Seema Gupta,
Mr. Saurabh Jha
Publication year - 2021
Publication title -
international journal of advanced research in science, communication and technology
Language(s) - English
Resource type - Journals
ISSN - 2581-9429
DOI - 10.48175/ijarsct-2152
Subject(s) - event (particle physics) , event study , abnormal return , sample (material) , window (computing) , economics , business , finance , computer science , paleontology , context (archaeology) , physics , chemistry , chromatography , quantum mechanics , stock exchange , biology , operating system
This paper seeks to study the impact of budget on share market. The method of study was descriptive research. To study the impact is measured in average return by using the event window of Pre-Budget and Post-Budget of 30 Days and the data has been collected for the 18thDecember 2020 to 1stFebruary 2021 &2ndFebruary 2021 to 16thMarch 2021 (excluding Saturday, Sunday and Festival) and the statistical tools used are T-Test Paired, two sample for means on return are calculated by using the formula. The most probably there is not impact on budget on share market because at the same time there is other factors are also present in the market. The implication of this paper is that the investor should not only consider one factor and one event window because there is other factor present with affect the share price at the same time and by using the more than one event window. so, investor come to know a which period they will get a more returns so investor should use either one factor and multiple event window or take multiple factor and one event window. It gives more clear and accurate result.Company Name & Return Pre-Budget Budget-Day Post-BudgetXYZ X1 X X2Here we have taken the 10 companies return of pre-budget and post- budget. On the basis of this we will further analyse that investor should invest in which companies.