A study on derivative instruments of indian capital market

Abstract

development of financial products are usually driven by prevailing circumstance in the financial markets. In the early 1980s, when cash settled financial futures were introduced in the global financial markets, the term derivatives were often associated with the financial sector s rocket science! Derivatives play an important role in managing the risk of the underlying assets such as bonds, equity, currency, equity indices, interest rates, commodities, weather etc. newline