The study aims at examining the efficiency of futures market with a sample of 11 commodities traded on National Commodity and Derivatives Exchange Limited (NCDEX). Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) tests are applied for testing stationarity and order of integration of both...

The study attempts to examine if there is any shift in the price discovery behavior of spot and futures markets between pre-crisis period and post-crisis period. All those stocks which are available for trading in futures segment since the launch of futures trading on November 9, 2001 to...