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@article{206137,
        author = {Sonali Bhanudas Shinde and Dr.Deepali Gajanan Bankapure},
        title = {The Role of Geopolitical Events in Reshaping India's Derivatives Market},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {2},
        pages = {506-513},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=206137},
        abstract = {The Indian derivatives market expanded rapidly between 2015 and 2026 and became one of the largest derivative trading markets in the world. This growth also increased the market’s sensitivity to geopolitical conflicts, economic uncertainty, policy reforms, wars, pandemics, and global trade tensions. This study examines the impact of major geopolitical events on the Indian derivatives market with special focus on volatility, investor sentiment, futures and options trading, and hedging behavior. The research covers major events such as the China stock market crash, Brexit referendum, demonetization in India, the United States-China trade war, the COVID-19 pandemic, the Russia-Ukraine war, the Israel-Hamas conflict, and recent Iran-America-Israel tensions. The study is descriptive and analytical in nature and is based on secondary data collected from NSE, BSE, SEBI, RBI, IMF, World Bank reports, journals, and financial publications. The analysis shows that geopolitical events increased market volatility, speculative activity, and demand for hedging instruments. The COVID-19 pandemic created the highest volatility in the derivatives market, while demonetization caused temporary liquidity disruptions in India. International conflicts influenced crude oil prices, currency fluctuations, and investor sentiment, leading to increased derivatives trading activity. The study further finds that the Indian derivatives market has become more resilient due to technological advancement, stronger regulation, improved risk management systems, and growing retail participation. The research concludes that geopolitical risk has become a major factor influencing the Indian derivatives market, and investors must adopt effective risk management strategies to manage future uncertainty.},
        keywords = {Indian derivatives market, geopolitical events, futures and options, volatility, investor sentiment, demonetization, COVID-19, Russia-Ukraine war, hedging.},
        month = {July},
        }