CNX Nifty

MCX Comdex spot

MCX Comdex futures

Total Period (2005-2014)

CNX NIFFTY

1

MCX COMDEX Spot

0.145**

1

MCX Comdex Futures

−0.05*

0.023

1

Pre-Recession (June 2005-March 2009)

CNX Nifty

1

MCX COMDEX Spot

0.191***

1

MCX Comdex Futures

0.084**

−0.040

1

Recession (April 2008-March 2011)

CNX Nifty

1

MCX COMDEX Spot

0.178***

1

MCX Comdex Futures

0.181***

0.162***

1

Post-Recession (April 2011-June 2014)

CNX Nifty

1

MCX COMDEX Spot

0.036

1

MCX Comdex Futures

−0.001

0.333***

1