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@article{190492,
        author = {Dr. Dinesh K and B Sana Anjum and Dr. Janet Jyothi Dsouza},
        title = {Indian Sectoral stock market reactions to fiscal events announcements and its market efficiency and volatility},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {1408-1413},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=190492},
        abstract = {This study investigates the impact of the Union Budget announcement on sectoral stock indices in India, focusing on volatility and return dynamics around the event. Utilizing the GARCH (1,1) model, the analysis captures volatility persistence and clustering across sectors, revealing heightened pre-announcement volatility and significant sectoral sensitivity, particularly in banking, automobiles, and consumer goods. The findings emphasize the importance of temporal and sector-specific risk assessment, offering valuable insights for investors and policymakers to enhance market stability and tailor risk management strategies during economically significant events.},
        keywords = {},
        month = {January},
        }