financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2024-28-5-156-172finance-3186Research ArticleФОНДОВЫЕ РЫНКИSTOCK MARKETSДоходность акций и стратегии инвесторов в ответ на заявления конкретных компаний: исследование S&P BSE SENSEXStock Return and Investor’s Strategies to Firm Specific Announcements: A Study of S&P BSE SENSEXhttps://orcid.org/0000-0002-3797-9449ПатилС.PatilS.

Сагар Патил, PhD, доцент

Махараштра; Солапур

Sagar Patil, PhD, Assist. Prof.

Maharashtra; Solapur 

Sagar.Patil@mitvpu.ac.inhttps://orcid.org/0000-0002-6954-9320БагодиВ.BagodiV.

Вирупакси Багоди, PhD, директор

Карнатака; Коппал 

Virupaxi Bagodi, PhD, Principal

Karnataka; Koppal 

virupaxibagodi@yahoo.comШкола бизнеса, Университет МИТ ВишвапраягИндияMIT Vishwaprayag UniversityIndiaГосударственный инженерный колледж ТалкалИндияGovernment Engineering College TalkalIndia202430102024285156172Copyright © Патил С., Багоди В., 20242024Патил С., Багоди В.Patil S., Bagodi V.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/3186

   Цель работы — определить влияние новостей на поведение акций с точки зрения цены и объема торгов.

   Кроме того, предполагается изучить стратегии, принятые инвесторами для различных типов новостей. Методы включали сбор 18 014 новостей с сайта BSE и их классификацию на финансовые и нефинансовые. С помощью парного t-теста новости были классифицированы как хорошие, плохие или нейтральные. Определено влияние новостей на цену и объем акций, а также рассчитаны доходность, риск и волатильность ценных бумаг до и после публикации новостей. Результаты показывают, что новости всегда влияют на объем торгов акциями на Бомбейской фондовой бирже. Нефинансовые новости, будь то хорошие, плохие или нейтральные, приводили к удержанию акций. Можно сделать вывод, что плохие финансовые новости приводят к удержанию акций, за исключением сообщений о доходах.

   Новизна исследования заключается в том, что влияние новостей на фондовый рынок основано на классификации новостей как хороших, плохих и нейтральных, а также финансовых и нефинансовых.

   Также было обнаружено влияние различных типов новостей на фондовый рынок и их совокупное влияние. Полученные результаты могут быть полезны корпорациям, управляющим фондами и частным лицам для определения времени распространения информации, за которым следует стратегия торговли.

   The objective is to investigate the effect of news on stock behaviour in terms of price and volume traded. Further, it is intended to explore the strategies adopted by the investors for various type of news items.

   Methods included collection of 18,014 news items from BSE website and classify as financial and non-financial news. Using paired t-test, the news further classified as good, bad, or indifferent. The effect of news on stock price and volume are found and the scrip return, risk and volatility are also computed pre- and post- announcement. Findings reveal that news has always affected the scrip volume traded on BSE, Mumbai. Non-financial news whether good, bad, or indifferent, has resulted in holding of the shares. It is Concluded that Financial bad news has resulted in holding of the shares except for earnings announcements.

   Novelty is effect of news on stock market based on news classified as good, bad, and indifferent or financial and non-financial.

   The effect of various types of news in stock market is also found along with the combined effect. The implications are helpful to the corporates, fund managers and individuals to time the information dissemination followed by strategizing trade.

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The authors declare that there are no conflicts of interest present.