ANNUAL EFFECT IN NSE NIFTY AND SECTORAL INDICES
This study investigates the existence of an Annual Effect in NSE Nifty and Sectoral indices index
in Indian Stock Market. The study uses the Annual return data of the NSE Nifty and Sectoral indices
Index for the period ranging between January 2009 and December 2019. The outcomes confirm the
presence of seasonality Annual Effect in NSE Nifty and Sectoral indices in India. The findings are also
reliable with the Annual Effect does exist in the stock market in India, doesn’t happen anomaly in the
FMCG, sectors, and anomaly occurs on all other sectors.