000			01350pab a2200205 454500
008			140923b0 xxu||||| |||| 00| 0 eng d
040			_cWelingkar Institute of Management Development & Research, Mumbai _aWelingkar Institute of Management Development & Research, Mumbai
041			_aENG
082			_a _bSri
100			_aSrinivasan P
245			_aEmpirical Analysis of Price Divcovery in the NSE Spot and Futures Markets of India
250			_a11
260			_a _bNov 2009 _c0
300			_a24-36 Pp.
490			_v15
520			_aThe paper examines the causal relationship between Nifty spot index and index futures market in India. The empirical analysis was conducted for the daily data series from June 12, 2000 to September 12, 2008. The results reveal that there exists a long-run relationship between Nifty spot and Nifty futures prices. Further, the results confirm the presence of a bidirectional relationship between the Nifty spot and Nifty futures market prices in India. It can, therefore, be concluded that both the spot and futures markets play the leading role through price discovery process in India and said to be informationally efficient and react more quickly to each other.
650			_aIndex Futures, NSE, Nifty Spot Index
856			_uhttp://192.168.6.13/libsuite/mm_files/Articles/AR10988.pdf
906			_a32970
999			_c30793 _d30793