Emerging Characteristics of Capital Market Efficiency- An Empirical Study of Nifty 50 Stocks

Abstract

In efficient capital market is believed to ensure the correct pricing of securities by reflecting firm-specific and economy-related information into the stock prices. A market of this nature comes to facilitate the efficient allocation of resources and eliminates the scope of abnormal profits. Hence, every Government adopts measures to see that the market of the country is developed to satisfy the efficiency benchmarks.