Analysis of Stock market volatility is very critical process in investment management for generating targeted profits and constructing efficient portfolios. Stock market volatility measured in different methods few are simple like standard deviation and others are complex in nature. In the present study the correlation and volatility of selected banks is investigated and compared with industry index (Bank Nifty index) and whole market index (NIFTY50) by applying the correlation and standard deviation tools for the period of one year (30-November 2021 to 31-October 2022). The statistical result evidence that, price volatility in ICICI, HDFC, Indusind and Bank of Baroda is higher than bank nifty index and nifty 50 index. Hence, investment in these banks is subject to high risk/returns than indices. However, HDFC has weak positive correlation with industry index and market index which indicates less impact of industry index and market index volatility.

stock market, volatility, bank index, NIFTY 50, security volatility