It has been well documented that the investment strategies appropriate for an efficient stock market would be significantly different from the strategies appropriate for an inefficient market. The market, in practice, does not have a reputation of being an efficient and reliable price-setter. This book is about how effective the Indian stock market is in setting prices which reflect the worth of the securities traded. The Indian stock market has been attracting considerable attention in recent years, especially after the liberalisation of the economy in the early 1990s. Wide ranging financial...