Main Article Content
Abstract
Various studies have been conducted on noise trading in foreign markets, but the study of noise trading is still in initial stage in Indian stock market, the study is based on superior and alternate model of detection of noise trading activities. Moreover, noise trading is a constituent of behavioural finance, the relevance of which is vast in asset pricing. Behavioural asset pricing model (BAPM), Capital Asset Pricing Model (CAPM), and Information-Adjusted Noise Model (IANM) have been used as basis for this study.