Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Monetary policy announcement and stock price behaviour: An event study with respect to India Subject The topic of the resource Average abnormal return; Cumulative average abnormal return; Efficient market hypothesis; Monetary policy; Nifty; Reserve Bank of India Description An account of the resource Monetary policy in a developing country plays a significant role in achieving the objectives of macroeconomic policies. The Central Bank formulates and implements the monetary policy in a country which in turn facilitates the increase in growth rate, manages interest rates, and money supply in the economy. The primary objective of this paper is to test the semi-strong form of Efficient Market Hypothesis in the Indian Stock Market with respect to financial services industry by conducting an event study. The monetary policy announcements made from 11th March 2016 to 30th August 2019 are taken as the events. The event study methodology is conducted on 13 financial service companies listed in NSE Financial Services Index. The Average Abnormal Return (AAR) and Cumulative Average Abnormal Return (CAAR) are estimated using the daily closing price of the sample companies and Nifty. Two sample T-statistics are used to find the significance of the returns generated. The t-values of a majority of AARs and CAARs are significant suggesting that there is a scope for generating abnormal return by the investors on the event of the monetary policy announcement. It is found that the investors are able to earn abnormal profits which indicate that the Indian stock market is not efficient in the semi-strong form due to the slow absorption of information. IJSTR 2020. Creator An entity primarily responsible for making the resource Vinod S.; Scaria R.; Girish S. Source A related resource from which the described resource is derived International Journal of Scientific and Technology Research, Vol-9, No. 2, pp. 5724-5731. Publisher An entity responsible for making the resource available International Journal of Scientific and Technology Research Date A point or period of time associated with an event in the lifecycle of the resource 2020-01-01 Identifier An unambiguous reference to the resource within a given context <a href="" target="_blank" rel="noreferrer noopener"></a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079867435&amp;partnerID=40&amp;md5=29ed8cf1290bf29e191e66c2a9c56c99" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079867435&amp;partnerID=40&amp;md5=29ed8cf1290bf29e191e66c2a9c56c99</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 22778616 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Vinod S., Christ (deemed to be) University, India; Scaria R., Christ (deemed to be) University, India; Girish S., Christ (deemed to be) University, India