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Can October turn the tide for Indian stocks after September rout?
Finance · 2 updates
Can October turn the tide for Indian stocks after September rout?
Mumbai: Investors heading into October will have to weigh a historically favourable month for equities against a challenging backdrop of elevated crude oil prices, rising global bond yields, continued foreign selling and a weak rupee. October has typically been a good month for Indian stocks, with the Nifty 50 ending higher in seven of the past 10 years.This year, however, seasonality may offer only limited comfort after a sharp September selloff."October will be an important test of whether the correction in September has adequately priced in risks, or whether further adjustment is required,"
November could favour bulls, but macro headwinds cloud outlook
Mumbai: Investors heading into November will have to weigh a historically favourable month for equities against a challenging backdrop of elevated crude oil prices, rising global bond yields and a weak rupee. November has traditionally been a strong month for Indian stocks, with the Sensex ending higher in seven of the past 10 years and the Nifty 50 gaining in six. Broader markets have also shown favourable seasonality. The BSE Midcap 150 index closed higher in eight of the past 10 Novembers, while the BSE SmallCap 250 ended with gains in six of those years.Kranthi Bathini, equity strategist a
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