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Follow on Google News | "Budget Announcements leads to Abnormal Returns" : FI Research StudyBy: Finance India Macroeconomic policy announcements such as the annual Budget and GDP data are events keenly watched by stock market participants and other economic agents. Such events first impact to the stock markets before transmitting to the real sector. In the research study, author considers the impact of Budget and GDP data on Indian stock market. Authors employ broader market index CNX500 consisting of 500 stocks covering 97.3% of market capitalization. Further, key sectoral indices such as, IT, Financial Services, Consumer goods are used to analyze the sectoral impact of policy announcements/ Previous studies relating to Indian economy have in general limited only to Nifty (which accounts for only 70.28% of the market capitalization) Finance India – Quarterly Journal of Finance of Indian Institute of Finance published since 1987 is a Two Tier Triple Blind Peer Review refereed Journal of more than 400 pages. Its has an exalted Editorial Board of over 80 Experts from all over World including 6 Nobel Laureates headed by Prof. J.D. Agarwal, an eminent economist. It is indexed and abstracted by more than 36 agencies and over 200+ UGCs / Universities worldwide. Finance India is ranked at par with top international journals. Finance India, SCOPUS Indexed & UGC approved Journal, is placed at 4th best position amongst 21,000+ Journals Indexed in SJIF Journals Rank by Scientific Journal Impact Factor (SJIF) with a high SJIF Impact Factor Value for 2019 as 7.262. https://www.financeindia.org/ End
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