Appendix II

Abstract

Returns and Volatility Relationship between Futures and Spot Market in India 165 APPENDIX-II This appendix displays 5-min time plots of individual stocks for the period from June 1, 2012 to May 31, 2013. Following points must be noted:  CASH represents log prices of spot market in levels.  FUT represents log prices of futures market in level.  RC represents first difference of log prices (returns) of spot market.  RF represents first difference of log prices (returns) of futures market. ACC