Identifying Trend of Indian Stock Market by Analysing Trading Activities of Mutual Funds

• Main Authors: Anand Singh, Prof. C. P. Mall
• Format: Article
• Language: English
• Published: Srusti Academy of Management 2009-06-01
• Series: Srusti Management Review
• Online Access: http://www.srustimanagementreview.ac.in/paperfile/445760746_Identifying%20trend%20of%20Indian%20Stock%20Market%20-Anand%20Singh%20&%20Prof.%20C.%20P.%20Mall-Vol.%20-%202%20%20%20Issue%201%20%20%20January%20%E2%80%93%20June%202009.pdf

Presently we are witnessing a retarded growth in Indian stock market. Presently in India, we are in recession period, but overall in recession period, but overall market had given significant gain to investors and as a result of it, to investors and as a result of it, we are seeing that our market is attracting mor ting more and mor e and more fund from FIIs & DIIs. om FIIs & DIIs. To identify tr o identify trend of market, tools like: Fundamental Analysis and sis and Technical Analysis are used, but this paper tries to identify major market trend by analyzing net buying and selling activities of all the mutual funds of India. As per requirement of SEBI al SEBI all the AMCs offering, different schemes of mutual funds have to submit details of their have to submit details of their buying and selling activities to SEBI buying and selling activities to SEBI on a daily basis and SEBI publish that on daily basis. So, in this paper, historical data of mutual funds activities in Indian market are collected from January 2001 to June 2008. By these data, to June 2008. By these data, researcher tries to analyze: researcher tries to analyze: whether one can get any advance indication of trend for short, middle and long term or, whether one can get any trend reversal indication. get any trend reversal indication. Apart from it, the paper om it, the paper al so emphasize on trend of investment via mutual funds in India during different market conditions. onditions.