Abstract
The direct of stock returns has been significantly bantered during the most recent couple of years. Scientists have tried the unpracticed commercial center theory and irregular walk portrayal of profits. The approval of irregular walk implies that market is effective and present day costs 'totally replicate' available records and in this way there might be no degree for any speculator to make atypical benefits. The present view tends to this issue inside the setting of Indian stock markets. The final product of the watch shows that the Indian financial exchanges are 'powerless structure effective' and agree to 'random walk'.
Keywords: random walk, Critical Analysis, financial exchanges
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