“Expiration hour effect of futures and options markets on stock market” — A case study on NSE (National Stock Exchange of India)

• Published in: International review of economics & finance Vol. 18; no. 3; pp. 381 - 391
• Main Authors: Maniar, Hiren M., Bhatt, Rajesh, Maniyar, Dharmesh M.
• Format: Journal Article
• Language: English
• Published: Greenwich Elsevier Inc 01.06.2009; Elsevier; Elsevier Science Ltd
• Series: International Review of Economics & Finance
• Subjects: Derivatives; Futures markets GARCH CNX nifty Expiration etc.; Options markets; Securities markets; Securities trading volume; Stochastic models; Stock exchanges; Stock index futures; Stock prices; Studies; India
• ISSN: 1059-0560; 1873-8036
• DOI: 10.1016/j.iref.2008.09.008

This article has been retracted: please see Elsevier Policy on Article Withdrawal (http://www.elsevier.com/locate/withdrawalpolicy). This article has been retracted at the request of the Editor. The authors have plagiarized part of a paper that had already appeared in Dec 2004 Winter Conference, Indian School of Business, Hyderabad (http://academic.research.microsoft.com/Publication/11155101/rethinking-the-expiration-hour-effect-a-high-frequency-garch-analysis). One of the conditions of submission of a paper for publication is that authors declare explicitly that their work is original and has not appeared in a publication elsewhere. Re-use of any data should be appropriately cited. As such this article represents a severe abuse of the scientific publishing system. The scientific community takes a very strong view on this matter and apologies are offered to readers of the journal that this was not detected during the submission process.