AN ASSESSMENT OF SEASONALITY EFFECT IN SECTORAL INDICES

Any new information about the economy is transmitted fast and it may influence the financial markets, positively or negatively. The present study used Descriptive Statistics and Regression Model, to investigate the April month effect on Indian financial sector indices, namely, Nifty Bank Index, Nifty Financial Services Index, Nifty PSU Index and Nifty Private Bank Index of NSE India Ltd. The results of Descriptive Statistics and Regression Model found that April month of every financial year, affected the daily prices of Indian financial sector indices, namely, Nifty bank Index, Nifty Financial Services, Nifty PSU and Private Bank Sector indices, during the study period. Finally, the study concluded that April month of every financial year may be affecting the Indian stock markets. Investors may concentrate more for their investments Hence April of every financial year.