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100			_aVasantha G, _930283
245			_aThe Dynamic Relationship of Spot and Futures Market: A Study of BANKNIFTY Index of India
300			_a28-38 p.
520			_aThis study examines the dynamic relationship between the spot and derivatives market of India. Specifically, the spot and futures market are studied using the intraday data set of BANKNIFTY index of NSE and the data is recorded from the NSE. Co-integration test and vector error correction test are used and the results show that both spot and futures market contain long run co-integration relationship and they share the news content each other in the long run. Further, this study shows that in the short run both the markets correct themselves for the deviations, however, the degree and speed of correction in the spot market is faster than the futures market. Hence, this study concludes with a note that though there exists a bi-directional lead-lag relationship between the BANKNIFTY spot and futures market, the index spot market is dominating over the futures market.
653			_aspot market
653			_afutures market
653			_aBANKNIFTY
700			_aT. Mallikarjunappa _930284
773	0		_029506 _968016 _o5558106 _tJOURNAL OF ACCOUNTING AND FINANCE
942			_2ddc _cJA-ARTICLE