IRJMSH Vol 12 Issue 4 [Year 2021] ISSN 2277 – 9809 (0nline) 2348–9359 (Print) International Research Journal of Management Sociology & Humanity ( IRJMSH ) Page 260 www.irjmsh.com Examination of Monday effect in Indian stock Market Dinesh K a , Dr. Janet Jyothi D'souza b, Ramyashree D c a Research Scholar/Assistant Professor, Department of Management Studies, Ballari Institute of Technology & Management, Ballari (Karnataka), India. b Associate professor. Department of Management Studies, Ballari Institute of Technology & Management, Ballari (Karnataka), India. c MBA Student Department of Management Studies, Ballari Institute of Technology & Management, Abstract: This paper investigates the day-of-the-week effect study is very predominant studied in both emerging and developed markets and the results prove that, the average return on Friday is abnormally high, and the average return on Monday is abnormally low, several empirical research works have provided results on this area .Our study investigated Monday effect by enquiring all other days in a week. The data for the study has been collected from the capitaline database and yahoo finance, and the sample for the study is chosen from the BSE Sensex Index from January 2001 and December 2020.The volatility in returns is more for the sample period between 2006-2010 for the days in the week. The results from skewness and kurtosis show that BSE sensex index returns are not normally distributed. From the regression output, we observe that, t-test statistics are not significantly different from the other days in the week and it has observed similar results for the entire sample period. The Tuesday effect is noticed only for the 2016-2020 sample period. The results will be greatly helping to the investors of all size for redesigning their investment strategies to beat the market opportunities. Examination of Monday effect in Indian stock Market Introduction According to the efficient market hypothesis (EMH), stock prices must accurately reflect all available information regarding their intrinsic value. According to the EMH, equities on stock exchanges always trade at their fair value, making it impossible for investors to buy undervalued stocks or sell for inflated prices. As a result, professional stock selection or market timing should be difficult to outperform the general market, and the only way an investor can potentially achieve higher returns is by selecting riskier stocks. Critics of the efficient market hypothesis claim that stock prices are mostly driven by investor expectations, that price movements will follow any patterns or trends, and that past price movements may be used to anticipate future