Monthly Nifty Move of -3.4% Worst In Six Months
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The markets start the year badly as January brings with it a -3.4% return on the Nifty, the worst month since August 2013.
Yes, there was a run in the “Fragile Five” currencies, but the rupee only fell 1% in the month. FIIs did exit some debt positions and towards the end of the month, equity position as well.
Look also at the returns in the Sensex:
Feb is usually a very good month for the markets, but will it please investors this time, with elections around the corner and no full-budget? Let’s see.