{"id":"https://openalex.org/W2004436892","doi":"https://doi.org/10.1108/17468800610674462","title":"Day\u2010of\u2010the\u2010week and other market anomalies in the Indian stock market","display_name":"Day\u2010of\u2010the\u2010week and other market anomalies in the Indian stock market","publication_year":2006,"publication_date":"2006-07-01","ids":{"openalex":"https://openalex.org/W2004436892","doi":"https://doi.org/10.1108/17468800610674462","mag":"2004436892"},"language":"en","primary_location":{"id":"doi:10.1108/17468800610674462","doi":"https://doi.org/10.1108/17468800610674462","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17468800610674462","pdf_url":null,"source":{"id":"https://openalex.org/S116345831","display_name":"International Journal of Emerging Markets","issn_l":"1746-8809","issn":["1746-8809","1746-8817"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Emerging Markets","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071677096","display_name":"Mahendra Raj","orcid":"https://orcid.org/0000-0001-9695-3006","observed_orcids":["https://orcid.org/0000-0001-9695-3006"]},"institutions":[{"id":"https://openalex.org/I522815984","display_name":"Robert Gordon University","ror":"https://ror.org/04f0qj703","country_code":"GB","type":"education","lineage":["https://openalex.org/I522815984"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Mahendra Raj","raw_affiliation_strings":["Aberdeen Business School, Robert Gordon University, Aberdeen, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aberdeen Business School, Robert Gordon University, Aberdeen, UK","institution_ids":["https://openalex.org/I522815984"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027155027","display_name":"Damini Kumari","orcid":"https://orcid.org/0009-0009-6389-1481","observed_orcids":["https://orcid.org/0009-0009-6389-1481"]},"institutions":[{"id":"https://openalex.org/I522815984","display_name":"Robert Gordon University","ror":"https://ror.org/04f0qj703","country_code":"GB","type":"education","lineage":["https://openalex.org/I522815984"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Damini Kumari","raw_affiliation_strings":["Aberdeen Business School, Robert Gordon University, Aberdeen, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aberdeen Business School, Robert Gordon University, Aberdeen, UK","institution_ids":["https://openalex.org/I522815984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I522815984"],"apc_list":null,"apc_paid":null,"fwci":2.2685,"has_fulltext":false,"cited_by_count":97,"citation_normalized_percentile":{"value":0.9030073,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"1","issue":"3","first_page":"235","last_page":"246"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/day-of-the-week-effect","display_name":"day-of-the-week effect","score":0.8389999866485596},{"id":"https://openalex.org/keywords/market-anomalies","display_name":"market anomalies","score":0.7409999966621399},{"id":"https://openalex.org/keywords/indian-stock-market","display_name":"Indian stock market","score":0.9150000214576721},{"id":"https://openalex.org/keywords/monday-effect","display_name":"Monday effect","score":0.7170000076293945},{"id":"https://openalex.org/keywords/january-effect","display_name":"January effect","score":0.9480000138282776},{"id":"https://openalex.org/keywords/weekend-effect","display_name":"weekend effect","score":0.8550000190734863},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.7760000228881836},{"id":"https://openalex.org/keywords/settlement-time","display_name":"settlement time","score":0.8130000233650208}],"concepts":[{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6915796995162964},{"id":"https://openalex.org/C18246116","wikidata":"https://www.wikidata.org/wiki/Q42962347","display_name":"Names of the days of the week","level":2,"score":0.6616933941841125},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6393715143203735},{"id":"https://openalex.org/C29368100","wikidata":"https://www.wikidata.org/wiki/Q724931","display_name":"Efficient-market hypothesis","level":4,"score":0.6118255257606506},{"id":"https://openalex.org/C56292299","wikidata":"https://www.wikidata.org/wiki/Q2916376","display_name":"January effect","level":4,"score":0.5789957046508789},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5556468963623047},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5171074867248535},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.5135867595672607},{"id":"https://openalex.org/C2780515205","wikidata":"https://www.wikidata.org/wiki/Q18394758","display_name":"Weekend effect","level":2,"score":0.49863123893737793},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.48558396100997925},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.4419611096382141},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.36333006620407104},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.17080628871917725},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16121909022331238},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C194828623","wikidata":"https://www.wikidata.org/wiki/Q2861470","display_name":"Emergency medicine","level":1,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/17468800610674462","doi":"https://doi.org/10.1108/17468800610674462","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17468800610674462","pdf_url":null,"source":{"id":"https://openalex.org/S116345831","display_name":"International Journal of Emerging Markets","issn_l":"1746-8809","issn":["1746-8809","1746-8817"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Emerging Markets","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.47999998927116394,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W1562072655","https://openalex.org/W1563487704","https://openalex.org/W1964253642","https://openalex.org/W1965062643","https://openalex.org/W1965256629","https://openalex.org/W1965790160","https://openalex.org/W1974300590","https://openalex.org/W1984211011","https://openalex.org/W1995910304","https://openalex.org/W2003125878","https://openalex.org/W2006568420","https://openalex.org/W2009655357","https://openalex.org/W2020198193","https://openalex.org/W2029780251","https://openalex.org/W2032187103","https://openalex.org/W2043525080","https://openalex.org/W2044527319","https://openalex.org/W2047947213","https://openalex.org/W2069062024","https://openalex.org/W2075380650","https://openalex.org/W2076538140","https://openalex.org/W2078236117","https://openalex.org/W2080937623","https://openalex.org/W2085127014","https://openalex.org/W2092417890","https://openalex.org/W2104008675","https://openalex.org/W2107429581","https://openalex.org/W2138723536","https://openalex.org/W2141673418","https://openalex.org/W2159345505","https://openalex.org/W2175358939","https://openalex.org/W2176969860","https://openalex.org/W2885200573","https://openalex.org/W3122860764","https://openalex.org/W3123599063"],"related_works":["https://openalex.org/W2794704222","https://openalex.org/W2515718262","https://openalex.org/W3112809087","https://openalex.org/W4400266154","https://openalex.org/W2185067382","https://openalex.org/W2335693655","https://openalex.org/W1912029489","https://openalex.org/W2300968678","https://openalex.org/W4247578026","https://openalex.org/W7218246015"],"abstract_inverted_index":{"Purpose":[0],"This":[1,141],"paper":[2,18],"attempts":[3],"to":[4,170,231,237],"investigate":[5],"the":[6,12,20,23,59,68,78,94,101,105,111,122,137,145,152,171,178,192,199,206,226,234],"presence":[7],"of":[8,22,30,47,58,164,194,198,225,233],"seasonal":[9,91,154],"effects":[10,40,71,92],"in":[11,75,93,174,182],"Indian":[13,24,95,123,146,175,210],"stock":[14,25,147],"market.":[15,176],"Design/methodology/approach":[16],"The":[17,51,63,90,162,209,223],"tests":[19],"efficiency":[21],"market":[26,96,148,211],"through":[27],"a":[28,45],"number":[29],"hypotheses.":[31],"Week":[32],"day":[33],"effects,":[34],"day\u2010of\u2010the\u2010week,":[35],"weekend,":[36],"January":[37,70,160,195],"and":[38,55,67,110,129,159,184,220],"April":[39],"are":[41,53,72,81,86],"examined":[42,99],"by":[43,100],"applying":[44],"variety":[46],"statistical":[48],"techniques.":[49],"Findings":[50],"results":[52],"interesting":[54],"contradict":[56],"some":[57,232],"findings":[60],"found":[61,74],"elsewhere.":[62],"negative":[64],"Monday":[65,79,158,165],"effect":[66,166],"positive":[69,82],"not":[73,150],"India.":[76],"Instead":[77],"returns":[80,85],"while":[83],"Tuesday":[84],"negative.":[87],"Research":[88],"limitations/implications":[89],"have":[97,132,203],"been":[98],"two":[102],"major":[103],"indices,":[104],"Bombay":[106],"Stock":[107,113],"Exchange":[108,114],"Index":[109],"National":[112],"Index.":[115],"However,":[116],"it":[117],"must":[118],"be":[119,168],"remembered":[120],"that":[121,144],"economy":[124],"became":[125],"deregulated":[126],"from":[127],"1991":[128],"this":[130],"may":[131,190,228],"had":[133],"an":[134],"impact":[135],"on":[136,201],"markets.":[138,208],"Practical":[139],"implications":[140],"study":[142],"indicates":[143],"does":[149],"exhibit":[151],"usual":[153],"anomalies":[155,202,227],"such":[156],"as":[157],"effect.":[161],"absence":[163],"could":[167],"due":[169],"settlement":[172,217],"period":[173,218],"That":[177],"tax":[179],"year":[180],"ends":[181],"March":[183],"December":[185],"has":[186,212],"no":[187],"special":[188],"significance":[189],"explain":[191,238],"non\u2010existence":[193],"Originality/value":[196],"Most":[197],"studies":[200],"dealt":[204],"with":[205],"developed":[207],"its":[213],"unique":[214],"Badla":[215],"financing,":[216],"duration":[219],"trading":[221],"regulations.":[222],"presence/absence":[224],"provide":[229],"support":[230],"hypotheses":[235],"used":[236],"them.":[239]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":13},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":6}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}