News media sentiments and Stock markets: the Indian perspective

Abstract

Technological advancements accompanied with the gradual decrease in the cost of communication systems have ensured that the humankind is constantly bombarded with the information from around the world. Internet has become Information Super Highway on which any information travels with a lightning speed and easily permeates into all spheres of life. Capital markets also prosper on information and the information revolution has transformed these markets. This paper attempts to investigate the impact of information diffused through the news media on the stock markets of an emerging economy, with evidences from India.