| Selection of Value‐at‐Risk models M Sarma, S Thomas, A Shah Journal of Forecasting 22 (4), 337-358, 2003 | 291 | 2003 |
| Price discovery across multiple spot and futures markets S Thomas, K Karande IGIDR Finance Seminar Series, 2001 | 60 | 2001 |
| David and Goliath: Displacing a primary market A Shah, S Thomas Global Financial Markets 1 (1), 14-21, 2000 | 60 | 2000 |
| Agricultural commodity markets in India: Policy issues for growth S Thomas Derivatives Markets in India, 2003 | 57 | 2003 |
| The case of the missing billions: estimating losses to customers due to mis-sold life insurance policies M Halan, R Sane, S Thomas Journal of Economic Policy Reform 17 (4), 285-302, 2014 | 55* | 2014 |
| Stock market response to union budget S Thomas, A Shah Economic and Political weekly, 455-458, 2002 | 55 | 2002 |
| Indian Financial Markets: An Insider's Guide to How the Markets Work A Shah, S Thomas, M Gorham Elsevier, 2008 | 54 | 2008 |
| The evolution of the securities markets in India in the 1990s A Shah, S Thomas Indian Council For Research On International Economic Relations, New Delhi, 2001 | 50 | 2001 |
| When stock futures dominate price discovery N Aggarwal, S Thomas Journal of Futures Markets 39 (3), 263-278, 2019 | 42* | 2019 |
| How the financial sector in India was reformed S Thomas Documenting reforms: Case studies from India, 171-210, 2006 | 42 | 2006 |
| Market microstructure considerations in index construction A Shah, S Thomas Available at SSRN 79708, 1998 | 39 | 1998 |
| The causal impact of algorithmic trading on market quality N Aggarwal, S Thomas | 37* | 2014 |
| Securities markets: Towards greater efficiency A Shah, S Thomas India Development Report, 167-192, 1997 | 37 | 1997 |
| Do futures markets help in price discovery and risk management for commodities in India? N Aggarwal, S Jain, S Thomas | 36 | 2014 |
| Derivatives markets in India S Thomas TATA McGraw-Hill Publishing Company, 1998 | 31 | 1998 |
| Regulating microfinance institutions R Sane, S Thomas Economic and Political Weekly, 59-67, 2013 | 27 | 2013 |
| Evolution of the insolvency framework for non-financial firms in India R Sengupta, A Sharma, S Thomas Indira Gandhi Institute of Development Research, Mumbai, WP-2016-018, June …, 2016 | 24 | 2016 |
| In search of inclusion: informal sector participation in a voluntary, defined contribution pension system R Sane, S Thomas The Journal of Development Studies 51 (10), 1409-1424, 2015 | 23 | 2015 |
| Developing the Indian capital market A Shah, S Thomas India: A financial sector for the Twenty–first century, 205-265, 1999 | 22 | 1999 |
| Securities Market: Towards Greater Efficiency A Shah, S Thomas Indian Development Report, 1997 | 21 | 1997 |
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