Constraint

DF

ADF

PP

Levels

Levels

Levels

CNX Nifty 50 Return Series

Intercept

−52.372*

−53.8537*

−53.8525*

Intercept and Trend

−53.070*

−53.8525*

−53.8128*

CNX Nifty Midcap 50 Return Series

Intercept

−3.71011*

−50.1952*

−50.3758*

Intercept and Trend

−6.32174*

−50.1875*

−50.3683*

CNX Nifty Smallcap 50 Return Series

Intercept

−4.60213*

−47.6425*

−48.2918*

Intercept and Trend

−7.36086*

−47.6387*

−48.2852*