Long correlations and Normalized Truncated Levy Models applied to the study of Indian Market Indices in comparison with other emerging markets

This work is devoted to the study of long correlations and other statistical properties of the Indian Market Indices in comparison to other emerging market indices. We verified that the behavior of the return is compatible with a Normalized Truncated Levy Flight. We also detected long-range correlations in the absolute value of the return. Finally, we concluded that the statistical behavior of emerging markets is similar to the behavior of developed economies.