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999			_c51213 _d51213
003			OSt
005			20190503152019.0
008			190503b ||||| |||| 00| 0 eng d
100			_aKannan, K. _933605
245			_aIndustry Specific Volatility check on Derivatives Introduction : Indian Context.
300			_a157-170 p.
520			_aThis paper examines the effect of derivatives on volatility of select securities of specific industries in Indian stock market to assess if any industry specific volatility pattern exists. This study is based on 21 stocks of six different industries of the Indian stock market which includes both derivative stocks and non-derivative stocks. These stocks are listed in the National Stock Exchange of India. GJR GARCH model was used to measure the volatility changes over the pre - introduction and post introduction period of derivatives. Among the seven stocks under consideration, all stocks except ACC had a decrease in volatility. Four derivative stocks had significant reduction in volatility. Compared to derivatives, non-derivatives, 4 industries namely, Auto-two and three wheeler, Cement, Cigarette, and Computer Software confirm the effect of derivatives while two industries namely, Banks - Private sector and Diversified, confirm the effect of industry specific factors.
653			_aMarket volatility
653			_aStock exchanges
653			_aDerivative securities
653			_aGARCH model
700			_aBalamurugan, G. _933503
773	0		_029298 _970622 _aAGRAWAL, J.D. _o5558805 _tFinance India _x0970-3772
942			_2ddc _cJA-ARTICLE