Stock Markets:
If old data is to be believed, the stock market may get relief in March after 5 consecutive months of decline. Brokerage Firm JM Financial has brought out a report on the seasonal patterns of the last 10 years. The report says that the Nifty index has given positive returns during March 7 times in the last 10 years.
The stock market has been declining continuously for the last 5 months. The month of February was also very bad. Sensex and Nifty have declined by about 4 per cent so far this month. This decline is going to break the record of the last 28 years. This will be the first time since 1996, when Nifty will close with a decline for 5 consecutive months. Amidst all this, the eyes of the stock market investors are now fixed on March. Will the stock market make a comeback in March or will it continue to decline further? Let us know what the figures of the last 10 years say.
If the old data is to be believed, the stock market may get relief in March after a continuous decline of 5 months. Brokerage firm JM Financial has released a report on the seasonal pattern of the last 10 years. The report says that the Nifty index has given positive returns during March 7 times in the last 10 years. That is, there can be good opportunities in the market for investors this month.
The Nifty index has given positive returns during March 7 times in the last 10 years. This means that this month there can be good opportunities in the market for investors.
NIFTY 50
The average return of Nifty 50 in March has been -0.3%. This return is in minus because the stock market fell drastically in March 2020 due to the Corona epidemic. Nifty had fallen by 23 per cent in March at that time. If we remove this one exception, then the average return of Nifty in March becomes 2.3%. This means that under normal circumstances Nifty 50 has usually performed well in March.
NIFTY MIDCAP 100
However, the performance of Nifty Midcap 100 has not been that great this month. In the last 10 years, this index closed in the green only 5 times, while its average return during this period has been -0.6%. But if the huge fall in March 2020 is removed here, then the average return of this index reaches 2.7%.
NIFTY MNC INDEX
If we talk about sectoral indices, the Nifty MNC Index has performed the best in March. In the last 10 years, this index has given more returns than Nifty 50 7 times. On the other hand, the performance of the Nifty CPSE Index has proved to be the weakest and in the last 10 times, it has performed worse than Nifty 7 times.
Nifty Auto Index
The month of March has been disappointing for the auto sector so far. The Nifty Auto Index has declined 7 times out of the last 10, and its average return during this period has been -2.6%. Even if we leave aside the huge decline of March 2020, this average is only 0.6%. This means that investing in the auto sector in March can be a bit risky.
Nifty Auto Index decline in March
The month of March has been disappointing for the auto sector so far. The Nifty Auto Index has declined 7 times out of the last 10, and its average return during this period has been -2.6%. Even if we leave aside the huge decline of March 2020, this average is only 0.6%. This means that investing in the auto sector in March can be a bit risky.
Stocks Positive return in March
Talking about stocks, some companies have been performing well in March for years. Companies like Navin Fluorine International, IPCA Laboratories, KEI Industries, Nestle India, SRF, Page Industries, InterGlobe Aviation and APL Apollo Tubes have posted positive returns on March 7 or more times in the last 10 years and have average returns of over 4%.
Stocks Negative return in March
On the other hand, shares of companies like HFCL, RBL Bank, Housing Urban Development Corporation, Vodafone Idea, Apollo Hospitals, Coal India, Mahindra & Mahindra and Bharat Forge have closed in the red in March 7 times out of the last 10 years and on an average, they have declined by more than 4 per cent during this period.
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