The origin of the stock market in India goes back to the end of the eighteenth century when long-term negotiable securities were first issued. However, for all practical purposes, the real beginning occurred in the middle of the nineteenth century after the enactment of the companies Act in 1850, the advantage of limited liability that generated investor interest in corporate securities.BSE and NSE have established themselves as the two leading exchanges and account for about 80 per cent of the equity volume traded in India. There is a perception among the traders that derivatives are highly riskyand at the same time provides high returns. This paper analyzes three financial derivative products of NSE, namely, Nifty futures & options, Gold ETF and Currency futures, in combination as a basket of derivative products, for two opposite trend periods. Though it is highly risky to trade derivative products, it is essential to prove that the risk can be reduced at a maximum level without affecting the returns. The researcher attempts to examine the risk and returns of these products individually and in combo by applying few of the option strategies to prove that the derivatives though risky, it is a viable opportunity to enhance returns or minimize the loss. This paper will help the traders, investors and academicians to understand the derivatives market as also the effective applicability of the trading techniques as well, .

   Crude oil is the most widely used energy resource in the world and it accounts for nearly 40% of the global energy demand and its consumption is estimated to be over 85 million barrels per day. As India is one of the non-OPEC (Organization of the Petroleum Exporting Countries) countries it fulfills its domestic demand by way of import as India has a much lower level of production. Any slight fluctuation in the oil prices can have both direct and indirect influence on the economy of the country. This research paper aims to analyze the impact of oil price volatility on the selected economic indicators of India. Growth in GDP, employment, inflation, industry and business, trade etc is the various economic indicator of a country. For the purpose of this study, GDP, inflation and stock market (NSE) are analyzed to know the impact of oil price volatility on it for the period 2003 to 2013. It evaluates the GDP growth performance and assesses the historical trends of the CPI, NSE and oil price in India. The relationship among oil price, gross domestic product, NSE index and inflation is measured with the help of multiple regression models individually. The study has been made by taking GDP, NSE and CPI as dependent variables and oil price as an independent variable. It is found that there is significant positive relationship between oil price and inflation. Gross domestic product and stock market of India are also affected by the oil price