In this paper different properties of the Indian stock market volatilities are examined for the study period spanning from 1st April 1996 to 31st March 2012 and it also tries to identify the effect of introduction of different derivatives instruments on stock market volatilities in India. The paper also analyses the causes of intraday stock volatility in India. The study reveals clustered, persistent and asymmetric nature of volatility in the Indian stock market. Introductions of equity derivatives in the forms of stock index futures and stock index options and also Interest Rate Futures (in currency derivative segment) have been found to be successful in reducing stock market volatility in India, whereas introduction of Currency Futures has a destabilizing impact on stock market volatility in the country. The results of the study also establish that the introduction of Currency Futures in the currency derivative segment has a more destabilizing impact on stock market volatility than the stabilizing impact of equity derivatives introduction, whereas Interest Rate Futures contract has more stabilizing impact than the destabilizing impact of Currency Futures on stock market volatility in India. The study recognizes both foreign stock markets and different components of domestic financial system as important determining factors behind intraday return volatility in the Indian stock market.

On investors’ decision makings in the stock markets, the present experimental study in Behavioural Finance puts forward that investors’ decision thresholds reflect aggregate dynamic signals of emotions, memories, and logics. These incorporate investors’ cognitive behavioural biases for ambiguity aversion, illusion of control, over confidence, elicited beliefs, and myopic loss aversions. The paper explores whether the responses of subject-traders in experiment differ from theoretical reference points and their price quotes replicate actual market prices. At these biases, the noise traders show greater proximity to theoretical reference points than those of informed traders even if the later show conservatism at over-confidence and elicited beliefs. The experimental data shows subject-traders’ limited power in replication of the market prices of the scripts and the study claims limited exposure with the Z-statistic values.

This study empirically examines the existence, persistence and various effect of daily asymmetric volatility of 3 DJSI indices (DJSI World, DJSI World Ex All & DJSI US) during the period from December 1998 to March 2015. The study uses ARCH, GARCH, EGARCH and TARCH models. ARCH measure confirms regarding volatility clustering in the SRI indices. According to GARCH measure significant asymmetric shocks and persistence of conditional volatilities present in the daily returns. EGARCH measure shows that the returns of the SRI indices are free from leverage effects where as in TARCH measure only DJSI US has no leverage effect. Based on comparison, TARCH measure performs best to predict future volatilities and returns because it has lowest RMSE, MAE and MAPE values.

The demographical profile of customers often plays an important role in deciding the behaviour of adopting digital banking services. Among all other factors, demographic variables are one of the important attributes which influence the adoption level of Digital Banking Services (DBS).The main purpose of the study is to examine the demographic factors (gender, place of living, income, education, computer knowledge, age and occupation) which affect the adoption of internet banking services in the Burdwan district of West Bengal . The empirical study has been conducted by covering 500 respondents (who have been using digital banking services for the last five years) in the rural and urban areas of Burdwan district of West Bengal. The study also highlights the evidences that adoption of different categories of DBS (i.e. plastic cards, internet and mobile banking) is influenced by the demographic variables. Mann Whiteny ‘U’ test, Kruskal- Wallis test have been used to test the hypotheses in the study.