“Seasonality in Stock Market”

“Seasonality in Stock Market”

Author Name : Lisha Durve, Vaishal Shah, Yash Brahmbhatt, Karan Kalariya, Prof. Samir Thakkar

ABSTRACT

Seasonality is particular cycles that maybe month of the year or even individual days. Stock market's economic significance derives from the increased marketability resulting from a quotation on a stock exchange share. These paper has studied the seasonality in stock market for the day of the week and month of the year effect for the nifty pharma companies which are sunpharma, torrantpharma, aurobindo, lupin and biocon and the time series is from 1^st April 2015 to 31^st March 2020. The test which is been applied over here is t test to find any significant difference for the average returns for both week day and monthly return. MS excel and SPSS 19 were used to carry out the analysis.

Keywords: Seasonality, stock market, day of the week effect, month of the year effect, T test