Impact Of Macroeconomic Variables On Bank Nifty Index Future

Abstract

Derivatives have been considered as the greatest advancement in World Capital market. It had brought many innovations and varied risk management strategies. Futures market assures risk transference and hedging of price risk. It helps in forecasting of spot market. Bank Nifty index comprises of 12 leading banking companies of India and used to assess the trends and functioning of Indian Capital market. This paper analyses Banknifty index future in NSE and the impact of macroeconomic variables on the traded price of Bank nifty index future by using regression analysis.