D. Shukla

Behavioural biases and retail investor responses to perceived currency volatility in the Indian mid-cap equity market

Retail participation in India’s mid-cap equity segment has grown quickly, and mid-cap valuations are widely regarded as more sensitive to macroeconomic shocks — including exchange-rate movements — than large-cap valuations. This study examines how three behavioural biases (herding, overconfidence, and the availability...