EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES

Harpreet Singh, Gagandeep Kaur, Atul Sharma

Page No: 60-66

DOI: 10.86493/VEREDAS.2024/V14I12/08

India has announced the demonetization of currency notes from economy on 8 Nov. 2016, which results into the removing of 86% of total circulated money from economy. The immediate reduction in the circulation of money has created significant disruption in the economy. The present paper is concerned with the impact of demonetization over the stock prices in the Indian stock market. The Percentage and GARCH model are used to analyze the available secondary data of stock prices. The results indicate that there is fluctuating trend of prices after implementing demonetization; however this trend does not exist for longer time period. Further analysis shows significant difference in the standard deviation of the observations, indicates the presence of volatility up to some extent. In general the study concludes that demonetization has only short term impact over stock prices.

Citations

APA: Harpreet Singh, Gagandeep Kaur, Atul Sharma (2025). EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES. DOI: 10.86493/VEREDAS.2024/V14I12/08

AMA: Harpreet Singh, Gagandeep Kaur, Atul Sharma. EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES. 2025. DOI: 10.86493/VEREDAS.2024/V14I12/08

Chicago: Harpreet Singh, Gagandeep Kaur, Atul Sharma. "EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES." Published 2025. DOI: 10.86493/VEREDAS.2024/V14I12/08

IEEE: Harpreet Singh, Gagandeep Kaur, Atul Sharma, "EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES," 2025, DOI: 10.86493/VEREDAS.2024/V14I12/08

ISNAD: Harpreet Singh, Gagandeep Kaur, Atul Sharma. "EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES." DOI: 10.86493/VEREDAS.2024/V14I12/08

MLA: Harpreet Singh, Gagandeep Kaur, Atul Sharma. "EFFECT OF DEMONETIZATION OVER THE STOCK PRICES: A CASE STUDY OF NIFTY INDICES." 2025, DOI: 10.86493/VEREDAS.2024/V14I12/08