Sensex gave positive returns in Feb in 5 out of 10 years; what does 2019 hold?

It looks like bulls and bears battle it out on Dalal Street in the month of February, which is usually marred by Budget volatility. Historical data shows Sensex gave positive returns in February in 5 out of last 10 years.

During the last 10 years, S&P BSE Sensex rallied the most in February 2014 rising 4.5 percent, followed by a 2.6 percent up move seen in 2012, and 2.1 percent gain in 2017, data collated by Ace Equity showed.

On the other hand, in past 10 years, Sensex fell the most in 2016 when it plunged over 7 percent, followed by 4.8 percent drop in 2018 and 4.6 percent fall in 2013.

This month, the sentiment on D-Street has been positive from day 1 after the Interim Budget when Nifty rose beyond 10,900, which is a strong sign as it has put bears on the back foot for now.

Source:https://www.moneycontrol.com/news/business/markets/sensex-gave-positive-returns-in-feb-in-5-out-of-10-years-what-does-2019-hold-3485291.html

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