The Nifty, Year to Date, till May has had the second best return since 1999, eclipsed only by the stellar return in 2009.

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Will it sustain?

In most earlier years that have seen more than 10% returns YTD in May, the momentum has sustained – 2009 ended up 40%. The years  1997 and 1999 ended up even higher than their May returns. 1996 was the outlier, starting at +20% in May and ending up -1%.

Maybe you shouldn’t Sell in May and Go Away.

Errata: The 1996 returns have been corected- bad excel magic! Thanks to Kora at @paststat for recognizing this.

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