Indian Stock Market Volatility Unveiled: Asymmetric Models Reveal Clustering & Leverage
The article investigates how stock market volatility in India can be predicted using GARCH models. By analyzing 10 years of daily closing prices of the CNX Nifty 50 index, the researchers found that asymmetric models are more accurate than symmetric models in capturing volatility patterns. This confirms the presence of volatility clustering and leverage effect in the market.