Business Standard

Behind the 'Down Beta' of Indian markets

For any form of business research, a real assessment of the reliability of findings is assessed through an out-of-sample test

Illustration by Ajay Mohanty

Illustration by Ajay Mohanty

Vikram Limaye
In November, I had authored an article in Business Standard regarding the reduced ‘Down Beta’ of Indian markets post demonetisation. This article was based on a research paper titled Reduction in Cost of Capital in Indian Markets, co-authored by Gautham Kanthasamy and Prasanna Tantri of the NSE-ISB Trading Laboratory, ISB, Hyderabad. To recap, the ‘Beta’ of any asset is a term used to quantify the movement of the asset’s price with respect to the market. Researchers further classify this Beta into two categories — up market Beta and down market Beta. Here, up Beta measures the Beta of the financial
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 27 2019 | 11:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to