Present study investigates the price discovery and hedging efficiency of NIFTY and all those stock futures whose trading started on 9th November 2001 and are continuously traded till 30th June 2006. The study observes information asymmetry in both futures and cash market and significant...

The present study investigates weak form of efficiency in Indian equity futures market. For this purpose, informational efficiency of the Nifty futures and 24 stock futures is examined. The Nifty and stock futures returns are found to be deviating from normal distribution. The futures prices are...

The present study attempts to suggest an optimal hedge ratio for Indian traders through the examination of three indices, i.e., Nifty, Bank Nifty and CNXIT, and 84 most liquid individual stock futures traded on the National Stock Exchange of India, over the sample period January 2003 to December...

This paper examines the long run performance of 438 initial public offerings in India that got listed on the Bombay Stock Exchange from 1992 to 2001. It further attempts to identify the factors explaining the long-run performance of IPO firms. The cumulative abnormal return at the end of fifth...

This paper investigates the change in post-issue operating performance of 300 Indian IPO firms over a three-year period relative to their pre-issue levels. Further, it explores, whether the issuing firms signal their value at the time of issue through underpricing and whether operating...

A number of researchers have examined the performance of Initial Public Offerings (IPOs) both for short and long run. However, the empirical evidence on the survivability of issues in the aftermarket is quite scant, especially in India. In the light of huge volatility in the Indian IPO market...