This study attempts analyse the different indices of ‘Bombay Stock Exchange' (BSE) of India, in terms of risk return characteristics and their relatedness and predictibility to address the relavite neglect of past studies. Further it investigates the volatility impact of different sub indices...

Market return represents the total return of the market index. It is found that performance of the few sectoral indexes is very high compared to the market index return. This study finds the variance in all sectoral indices and the market Index (BSE) return and illustrates the significance of...