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Friday, August 3, 2018

Sensex fell 7 times in past 10 years, will this be the 8th?


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The market rose the most during August 2014—just after Narendra Modi-led BJP government came to power on promises of reforms.

August has not started off on a particularly good note for D-Street with indices shedding a little over a percent on trade war concerns, RBI’s decision to hike interest rates, inflationary worries, among other things. The market had gained about 6 percent in July.

What’s more worrying is that the trend for the month of August over the past decade is not encouraging with indices ending in the red seven out of 10 times over the period.

Of these seven occasions, the market fell the most in the years 2011 --the highest with 9 percent fall -- 2013, 2015 and 2017. Meanwhile, green ticks were visible in 2012, 2014 and 2016. The biggest gain so far was in August 2014—just after the Narendra Modi-led BJP government came to power on promises of reforms.

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Source: https://www.moneycontrol.com/news/business/markets/august-scare-sensex-fell-7-times-in-past-10-years-will-this-be-the-8th-2798801.html
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1 comment:

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