International Science Community Association Research Journal of Management Sciences 2319 - 1171 5 9 2016 09 6 Does Stock Market Respond to Financial Crisis? 1 8 EN Tiwari Shefali 1 Shri Raojibhai Gokalbhai Patel Gujarati Professional Institute of Management, Indore, MP, India > Research Paper 2016 8 19 2016 09 6 This research paper studies the impact of financial crisis on Indian stock market via stock prices in relation with financial performance of companies, listed at Bombay Stock Exchange. To achieve this objective, performance of services sector companies from BSE 30 index were scrutinized by analyzing their quarterly moving data for duration from January 2006 till December 2013, for the possible change in relationship between stock prices and financial performance. Sales, net profit, gross profit, earning per share, return on equity, gross profit margin, return on assets and average share price were taken as independent variables for study. Share price was taken as dependent variable which represents stock market. Predictive regression models were developed to analyze the change in relationship between stock prices and financial performance, probably due to financial crisis. Copyright@ International Science Community Association