Ex-ante Test of Lower Boundary Condition and Market Efficiency: Evidence from Indian Index Options Market

Abstract The study examines the efficiency of the Indian options market by ex-ante test of the lower boundary conditions on S&P CNX Nifty index options traded on National Stock Exchange (NSE), India, using spot and futures prices. The data consists of daily closing prices of S&P CNX Nifty index options contracts fromApril 01, 2008 to Read More …