After 8.7% rally in July, Nifty likely to Interestingly, returns have

Interestingly, returns have been negative in July only once in nine years

NSE, national stock exchange, nifty50
In 2021, however, there was a role reversal, with the Nifty rallying 0.3 per cent in July and 8.7 per cent in August.
Samie Modak
1 min read Last Updated : Mar 02 2023 | 5:21 PM IST
The Nifty has rallied 8.7 per cent last month — its best monthly performance since November 2020. The rally cemented July’s tag as the best calendar month for the markets.

Sample this: the month has delivered an average 3 per cent gain in the past 10 years. Interestingly, returns have been negative in July only once in nine years.

However, the exuberance in July follows a much quieter August. In the past decade, the average Nifty returns in August were 0.6 per cent. In 2021, however, there was a role reversal, with the Nifty rallying 0.3 per cent in July and 8.7 per cent in August.


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Topics :stock marketsNiftyNSE

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