Synopsis The present volume of conference proceedings is a compendium of twelve research papers on various aspects of capital markets, contributed by academicians and professionals. Capital markets in developed and emerging economies have seen major developments across the globe, in terms of innovative instruments, hedging practices, market micro structure, market efficiency etc. The authors of papers in this volume have delved into one or more of such developments including those contained in the topic like, price discovery, value effect, market manipulation, market integration and event study. One can find in this volume, the use of latest techniques of research applied by the authors. The works covered in this volume probe into the Indian capital market after introduction of futures and options in India. The authors have also revisited market efficiency in emerging economies including India and the asset pricing models in general. The studies further discuss the factors affecting valuation of stocks and response of stock markets to major political and economic events.