Index efficiency knowledge in August over the previous decade present combined traits with Nifty 50 and Nifty 500 having gained on six out of 10 cases. Even international indices have proven related combined seasonality traits, as US benchmarks S&P 500 and Dow have ended greater 5 occasions since 2015.
With the looming uncertainty over the consequences of US tariffs on India including to haze, buyers are bracing for a rollercoaster trip this month.
Companies“The previous decade’s efficiency presents combined alerts for August, with returns being break up. Like we noticed July’s typical seasonality not enjoying out this yr, volatility is anticipated to persist in August as properly, with the Nifty more likely to commerce throughout the 24,400-25,500 vary,” mentioned Chandan Taparia, head of technical and derivatives analysis at Motilal Oswal Financial Services. The Nifty ended at 24,768.35 on Thursday – the final day of July.
In response to Motilal Oswal, the Nifty on common has moved up 0.9%, whereas the Nifty 500 index has gained 1.25% in August between 2015 and 2024.
