id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-6751	Dash, Mihir	Beta Estimation in Indian Stock Markets - Some Issues	2015	12	.pdf	application/pdf	4929	278	73	Dev. K.-S. test p-value S.-W. test p-value NIFTY -4.17% 3.74% 0.07% 1.14% 0.0647 0.0128 0.9797 0.0012 ACC -6.61% 6.07% 0.08% 1.74% 0.0572 0.0457 0.9836 0.0054 AMBUJA CEMENT -11.17% 7.73% 0.06% 2.06% 0.0500 0.2000 0.9638 0.0000 ASIAN PAINTS -7.79% 7.27% 0.04% 1.80% 0.0801 0.0006 0.9619 0.0000 AXIS BANK -9.90% 14.60% 0.05% 2.71% 0.0578 0.0412 0.9605 0.0000 BAJAJ AUTO -4.72% 5.40% 0.06% 1.57% 0.0445 0.2000 0.9913 0.1437 BANK OF BARODA -8.93% 10.08% 0.03% 2.82% 0.0668 0.0086 0.9811 0.0020 BHARATI AIRTEL -6.39% 7.55% 0.03% 2.21% 0.0727 0.0027 0.9865 0.0181 BHEL -21.38% 8.64% 0.04% 3.11% 0.0831 0.0002 0.9005 0.0000 BPCL -8.94% 7.22% 0.08% 2.45% 0.0602 0.0282 0.9774 0.0005 CAIRN -4.95% 5.21% 0.08% 1.50% 0.0912 0.0000 0.9666 0.0000 CIPLA -8.19% 4.76% 0.00% 1.47% 0.0467 0.2000 0.9566 0.0000 COAL INDIA -10.68% 6.73% -0.03% 2.00% 0.0555 0.0591 0.9698 0.0000 DLF -12.34% 9.25% -0.11% 3.27% 0.0696 0.0051 0.9824 0.0034 DR REDDY'S -4.40% 4.67% 0.15% 1.51% 0.0511 0.2000 0.9923 0.2168 GAIL -6.77% 4.81% 0.07% 1.68% 0.0546 0.0670 0.9903 0.0933 GRASIM -4.89% 6.17% 0.01% 1.59% 0.0772 0.0010 0.9723 0.0001 Asian Journal of Finance & Accounting ISSN 1946-052X 2015, Vol. 7, No. 2 27 HCL TECH -6.96% 4.76% 0.22% 1.87% 0.0547 0.0662 0.9796 0.0011 HDFC BANK -8.43% 7.75% 0.07% 1.88% 0.0770 0.0011 0.9643 0.0000 HDFC -8.12% 6.34% 0.03% 2.00% 0.0667 0.0088 0.9784 0.0007 HERO MOTO CO -6.51% 7.14% 0.15% 1.71% 0.0668 0.0086 0.9841 0.0068 HINDALCO -7.89% 10.86% 0.17% 2.61% 0.0588 0.0352 0.9841 0.0068 HINDUNILVR -4.46% 16.03% 0.10% 1.85% 0.1430 0.0000 0.7726 0.0000 ICICI BANK -5.58% 8.88% 0.07% 2.29% 0.0694 0.0053 0.9819 0.0028 IDFC -18.05% 7.54% -0.06% 2.86% 0.0649 0.0124 0.9387 0.0000 INDUSIND BANK -8.96% 8.01% 0.09% 2.80% 0.0568 0.0482 0.9814 0.0023 INFY -23.90% 10.36% 0.05% 2.17% 0.1631 0.0000 0.6242 0.0000 ITC -6.35% 5.98% 0.05% 1.65% 0.0646 0.0130 0.9778 0.0006 JINDAL STEEL -16.70% 8.85% -0.07% 2.77% 0.0850 0.0002 0.9231 0.0000 KOTAK BANK -6.07% 8.43% 0.07% 2.06% 0.0613 0.0234 0.9741 0.0002 L&T -7.74% 6.80% 0.12% 2.19% 0.0491 0.2000 0.9897 0.0760 LUPIN -6.91% 5.01% 0.16% 1.66% 0.0482 0.2000 0.9870 0.0229 M&M -4.89% 5.50% 0.05% 1.82% 0.0378 0.2000 0.9966 0.8719 MARUTI -8.35% 7.75% 0.17% 2.00% 0.0979 0.0000 0.9417 0.0000 MC DOWELL'S -7.68% 12.53% 0.13% 2.36% 0.0784 0.0007 0.9610 0.0000 NMDC -5.39% 6.72% 0.01% 2.08% 0.0595 0.0313 0.9877 0.0302 NTPC -12.49% 4.08% -0.07% 2.01% 0.0872 0.0001 0.8831 0.0000 ONGC -6.20% 7.29% 0.01% 2.15% 0.0357 0.2000 0.9942 0.4436 PNB -7.70% 8.95% 0.01% 2.70% 0.0561 0.0542 0.9860 0.0147 POWERGRID -11.86% 4.36% 0.00% 1.62% 0.0796 0.0006 0.9090 0.0000 RELIANCE -6.49% 5.55% 0.07% 1.73% 0.0572 0.0451 0.9866 0.0187 SBI -8.17% 9.20% -0.03% 2.01% 0.0475 0.2000 0.9701 0.0000 SSLT -9.43% 15.16% 0.08% 2.85% 0.0892 0.0001 0.9153 0.0000 SUN PHARMA -5.33% 6.88% 0.13% 1.88% 0.0498 0.2000 0.9876 0.0304 TATA MOTORS -6.17% 9.54% 0.16% 2.17% 0.0744 0.0019 0.9731 0.0001 TATA POWER -16.25% 7.55% -0.05% 2.38% 0.0752 0.0016 0.9266 0.0000 TATA STEEL This was strongly advocated by Fama and MacBeth (1973), who interpreted the CAPM as implying a basic linear relationship between stock returns and market betas which should completely explain the cross-section of returns at a specific point in time.	cache/ajfa-6751.pdf	txt/ajfa-6751.txt