Abstract
A securitys current market price already accounts for all of its prior trading volumes and prices, according to Indias lax form of market efficiency. An investor cannot generate spectacular returns by only relying on the analysis of previous price movements because any relevant information about the security would already be reflected into its present price. The accuracy and promptness with which prices reflect information about the market is known as market efficiency. All the information from prior prices and traded volume is included in the weak version of the markets current prices. Furthermore, future prices cannot be predicted by looking at past prices. Everyone has access to past prices, even though some people can obtain them more easily than others. Liquidity traders may sell their stocks, generating price volatility, without considering the shares fundamental value. The market price reflects the intrinsic value as a result of the buying and selling of information traders. The filter rule, runs test, and serial correlation are used to assess market efficiency. Run tests have been used in this research to identify market efficiency. Information on stock prices for the selected companies was gathered from the National Stock Exchange (NSE).
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