A Comparative Study of Indian Stock Market (BSE) with International Markets

Abstract

data used in this analysis includes daily closing prices of the stock market over the period 
from 1st April 2012 to 31st March In financial markets, Seasonality refers to instances when 
price of a security or set of securities are regular and repetitive vary in a span of less than a 
year and reflect all available information at any point in time. There are many type of market 
seasonality; some are repeating nature, while other are occur once and disappear nature. This 
article evaluated the existence of such seasonality in Indian capital market (BSE) and 
International capital market viz. NASDAQ, NYSE and SSE stock market. The secondary 
2017. Descriptive statistics was utilised to check if any significant difference existed in 
average daily closing price across the BSE and International stock market. The conclusion of 
this analysis demonstrated that greatest daily mean return of NASDAQ stock market. 
Furthermore, research also discovered that Shanghai Stock Exchange (SSE) China was more 
volatile during the study period.