Publisher's Synopsis
In order to understand the international transmission mechanism between the two markets under consideration, first it is important to recognize that the NSE and NASDAQ markets do not have any overlapping trading hours. There is a time lag of twelve-and-half hours between US Eastern Standard Time and Indian Standard Time. The trading hours of both the markets are shown in below. In Indian Standard Time (IST), NSE opens at 10.00 AM and closes at 3.30 PM. In the modern world the size of the investors has been increased enormously and it is important to analyse the pattern of returns on stock indices for investment. The present research work is a comparative study on returns of NSE along with NASDAQ.
