Akhtar, Dr. Samreen - 2018
This study tests the presence of day-of-the-week effect with respect to the VIX (fear gauge) and its underlying market index Nifty 50 in India for a period from March 2009 to February 2016 using OLS and GARCH (1, 1) framework. Investors can use the day-of-the-week effects information to avoid...