The Month of August 2013 has not been kind to the Nifty, dropping 5.3% (and that’s not considering that on Wednesday, just two days earlier, the Nifty was actually 9.6% lower than the July close).
This is the worst of 2013, coming in August, taking the annual return down to –8.4%. We’re having year similar to 2011 – then, the dollar depreciated from 44 to 52, and now we are down from about 53 to 66.
The return till August for the Nifty is:
We’ve had some volatile times recently and the good year has now switched to a bad year.
For completeness, the Sensex fell 3.8% (lower because the stocks are different in the Sensex)
