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Abstract
The objective of this study is to study the efficiency of Indian stock markets during the period 2014-2018. The weak form of efficient markets is extensively tested using NIFTY and 6 major NSE sectoral indices Pharma, IT, MNC, Bank, FMCG and Nifty Junior. Univariate time series analysis of indices returns is carried using correlation statistical test. The study concludes that Indian markets are inefficient in its weak form for the study period.