1. Are Indian Stock Markets Driven More By Sentiments Than By Fundamentals ? Alok Mishra,, Akash Jauhari , Karan Verma , Lokesh Chaudhary, Raghav Agarwal , Varun Sehgal BY

3. Future Cash- flows

4. P/E

6. Market Sentiments

7. Settlement Between The Ambani Brothers On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time

8. ICICI Bankruptcy Reports ICICI Bank Share price went down by a whopping 14 percent on 28th Sep, 2008

9. UPA Wins By Thumping Majority On May 18, 2009, the SENSEX surged 2110.79 points .This event created history in Dalal Street, by being the first ever time that trade had been suspended for an increase in value.

10. 26/11 Terror Attack on Financial Capital Share Market resilient on 28/12 as it rises by 2%

11. Research Design Field Study Longitudinal collection of Data ( 2004 – 2011) Secondary Source of Data- BSE, Money Control/ CNBC Units: Individual Stock Prices. RIL, ONGC, TCS, Infosys, L&T, ICICI, Future Grp. Causal and Descriptive Study.

12. Research Objective To Quantitatively find the impact of Sentiments on Stock Markets as compared to Fundamentals.

13. Methodology Impact News Change in Stock, observed Change in BSE Expected Change in Stock Application – Kruskal Wallis Result and Conclusion

15. Theoretical % Change in Stock = (Beta) * (Sensex % Change).

16. Comparing Theoretical Change and Actual Change.

17. Analysis of Variance of the two samples.

18. Non Parametric – Kruskal Wallis Test, a = 5 %