• Dr. R. PALANISAMY

The research focused on the volatility implications of the introduction of derivatives on stock market volatility in India using the S&P CNX Nifty Index as a benchmark. To account for non-constant error variance in the return series, a GARCH model is fitted by incorporating futures and options dummy variables in the conditional variance equation. The researcher find clustering and persistence of volatility before and after derivatives, while listing seems to have no stabilization or destabilization effects on market volatility. The post-derivatives period shows that the sensitivity of the index returns to market returns and any day-of-the-week effects have disappeared. That is, the nature of the volatility patterns has altered during the post-derivatives period.

IMPACT ON INDIAN STOCK MARKET VOLATILITY

"IMPACT ON INDIAN STOCK MARKET VOLATILITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.1-7, February-2019, Available :http://www.jetir.org/papers/JETIRZ006001.pdf

"IMPACT ON INDIAN STOCK MARKET VOLATILITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp1-7, February-2019, Available at : http://www.jetir.org/papers/JETIRZ006001.pdf