摘要：This paper makes an attempt to critically analyze the market efficiency in its weak-form. The data were abstracted fromofficial website of BSE and NSE of India, for the period from 1 April, 2002 to 31March, 2010. The study is done at indexlevel viz. SENSEX andNifty, and at scrip level. The battery ofmost popular tests has been used to arrive at its conclusion. The batteries of popular test intensively used for the study are Autocorrelation Test, Unit Root Tests (ADF Test and PP Test) and Runs Test. The results of the study lead us to conclude that the Indian stock market is representing the weakform of efficiency in either index or at scrip level.
