BULK DEALS, ABNORMAL RETURNS AND FRONT- RUNNING: EVIDENCE FROM INDIAN MARKETS
| dc.contributor.author | Rabada, Jitendra | |
| dc.contributor.author | Barretto, Helic | |
| dc.date.accessioned | 2025-08-18T10:13:40Z | |
| dc.date.available | 2025-08-18T10:13:40Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | The paper examines the evidence of front-running activities by informed traders around the bulk deals of stocks traded from 2012 to 2021 on the National Stock Exchange (NSE) of India. For the purpose of the study, Bulk deals are divided into Buy and Sell trades. The paper studies the influence on the share prices if the bulk deal transactions are initiated by single investor or a group of investors. It also examines the role of volume and delivery in explaining the Cumulative Average Abnormal Returns (CAAR) earned in the pre-event period. The results of the study shows Average Abnormal Returns before the deals are higher for 'Buy' and 'Sell' deals for individual trader than for Multiple Buy and Sell Traders. Trading volume and delivery percentage both rise significantly before bulk transactions and fall drastically once it crosses the event day. Therefore, bulk trades have a considerable impact on share prices, with very high cumulative returns around the trades for the NSE. | |
| dc.identifier.uri | http://rcca.ndl.gov.in/handle/123456789/480 | |
| dc.language.iso | en | |
| dc.publisher | Education and Society Vol-47, Issue-1, No.-9, January-March : 2023 | |
| dc.title | BULK DEALS, ABNORMAL RETURNS AND FRONT- RUNNING: EVIDENCE FROM INDIAN MARKETS | |
| dc.type | Article |