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After five consecutive months of decline, the stock market has seen a rise in March. Analysts at JM Financial believe that the month of April can be positive for the market. At least the data of the last few years indicates this. The brokerage firm has said that out of the last 10 years, Nifty has given positive returns in April 7 times. During this period, the average return of Nifty has been 2.4%.
During this period, the figures of Nifty Midcap Index have been even more spectacular. Nifty Midcap Index has given positive returns in the month of April for 8 out of the last 10 years.
How many lakh rupees will the salary increase in the 8th pay - big news has arrived Which sectors saw the most growth? If seen on a sectoral basis, positive returns have been received during the month of April for 8 out of the last 10 years. During this period, the metal sector has given an average return of 7%, auto 5%, energy 4.6% and CPSE index 3.6%. The metal sector has given positive returns 9 times out of 10. On the other hand, positive returns have also been seen in bank and FMCG stocks. Weakness in the tech sector However, the technology sector has been weak in the month of April. During the last 7 out of 10 years, it has closed in the red mark on a monthly basis and the average return is -1%. Also read: 30 minutes game in the market! How did this stock become a loser from a top gainer? Full details here Who is the king of F&O? Talking about the stocks included in F&O, many companies have consistently given positive returns in the month of April. Glennark Pharma, SAIL, CESC, JSW Steel, Vedanta, Aarti Industries, Aurobindo Pharma, APL Apollo Tubes and SRF have managed to close in the green. These stocks have given an average return of 8% during the month of April.
Read More: US Market: Sharp decline in US stock market, Dow falls by 1100 points, what is the reason?
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