文章基本信息

标题：Impact of Derivative Trading on Stock Market Volatility during Pre and Post F&O Period: A Case Study of NSE
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作者：Dr. Gurcharan Singh ; Salony Kansal
期刊名称：Management Convergence
印刷版ISSN：0976-5492
出版年度：2010
卷号：1
期号：1
页码：1-10
语种：English
出版社：Mizoram University, Aizawl
摘要：This paper examines the impact of financial derivatives trading on the volatility of Indian stock market. NSE S& P CNX Nifty index has been used as a proxy for stock market and period covered under the study varies from 1995-1996 to 2008-09 on the financial year basis. The finding suggests that a derivative trading has reduced the volatility.The decrease in volatility would be mainly being attributed to the fact that derivative markets attract an additional set of traders to the market, which led to increase in the trading volume. With the increase in trading volume, a greater liquidity will be reflected in the prices of the underlying market and then the market will become more stable.
关键词：Management;Stock marketvolatility; NSE S & P CNX Nifty index; Index future; Stock future; Index option; Stock option;Management Convergence