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IMPLEMENTATION OF ARTIFICIAL INTELLIGENCE IN STOCK MARKET PREDICTION: AN EXPLORATORY STUDY ON INDIAN MARKET

Ms. Vertika Goswami, Dr. Gargi Sharma

First Published April 13,2024

Authors
  1. Ms. Vertika Goswami
  2. Dr. Gargi Sharma
Affiliation
  • Research Scholar, IIS (Deemed to be University), Jaipur, Rajasthan
  • Associate Professor, IIIM, Jaipur
Abstract
The bold expedition of artificial intelligence into the monetary scene has brought about a change in the way financial planning and stock exchange are managed. In other words, AI has proven to be a game-changer in the ever-evolving field of finance, revolutionizing the way investors and financial institutions approach stock market analysis and forecasting. Today, monetary foundations and financial backers don't have to go through hours managing basic/specialized diagram research or settle for speculation solely based on intuition, all things considered they can use artificial intelligence apparatuses to examine the complex landscape of the stock market and further develop the accuracy of expectations.
This paper basically concentrates on how artificial intelligence is used and how it tends to be valuable to use various artificial intelligence tools for stock market predictions. This paper will also focus on some of the pre-existing artificial intelligence tools and techniques that are used by various organizations with the end goal of predicting stock market and how the future trading can be beneficial through AI. In conclusion, it can be argued that the incorporation of AI into the stock markets will benefit both investors and traders. It comes with its fair share of negative aspects in current scenario, but it will be favourable in the long run.
Keywords

Artificial Intelligence, Stock Market, Trading, Prediction

References
  1. Chen, L., Qiao, Z., Wang, M., Wang, C., Du, R., & Stanley, H. E. (2018). Which artificial intelligence algorithm better predicts the Indian stock market?. IEEE Access, 6, 48625-48633. Chopra, R., & Sharma, G. D. (2021). Application of artificial intelligence in stock market forecasting: a critique, review, and research agenda. Journal of risk and financial management, 14(11), 526. Fazal, M. I., Patel, M. E., Tye, J., & Gupta, Y. (2018). The past, present and future role of artificial intelligence in imaging. European journal of radiology, 105, 246-250. Gonzales, R. M. D., & Hargreaves, C. A. (2022). How can we use artificial intelligence for stock recommendation and risk management? A proposed decision support system. International Journal of Information Management Data Insights, 2(2), 100130. Hi
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