Empirical Analysis of the Impact on the Nifty Index Spot Price after the Introduction of the Weekly Option for Nifty Index -Nse/India

Emerging Indian stock market volatility pattern tested for an event of the introduction of weekly option on 19th February 2019.Primary investigation confirms that the need of GARCH models for further investigation. The TGARCH methodology has been adopted. The ARCH and GARCH parameters confirm that the volatility pattern unchanged for the whole two years. TGARCH coefficient shows that it observes more negative News. Further, the constructed volatility technique confirms that the mild increase in volatility cluster. Finally, the magnitude of the volatility confirms the decrease in volatility was 7 % in the post-point