Examining the Distributional Characteristics of Daily Returns of Nifty 50: Normality Assessment and Implications
This paper investigates the distributional characteristics of daily returns of the Nifty 50 index, a benchmark index comprising 50 large-cap stocks traded on the National Stock Exchange of India. Utilizing historical data spanning a specified time period, we conduct normality testing to assess the adequacy of the normal distribution assumption underlying many financial models. Our […]
