Rahul Roy Pondicherry Universtity, India   Rahul Roy, Research Scholar Department of Commerce, SOM Pondicherry University Pondicherry, Puducherry 605014 India   rahulroy819@gmail.com     Biographical Sketch: Rahul Roy is a Doctoral student in Finance at Pondicherry university, India   Primary Research Focus: Asset pricing, Efficient market hypothesis, Volatility modeling, Economic growth, Human capital modeling   JEL Areas: E3 : Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) C4 : Econometric and Statistical Methods: Special Topics