Conditional Herding in the Indian Stock Market: The Role of Investor Sentiment and Global Contagion
This study investigates conditional herding behaviour in the Indian equity market from April 2015 to March 2025, employing a survivor portfolio of 32 consistently traded Nifty 50 constituents. Using the Chang, Cheng, and Khorana (2000) cross-sectional absolute deviation (CSAD) framework with sentiment interaction terms...