THe Nifty is up nearly 8% in October and there are 10 days left! You might think housing prices have stagnated, or gone down. But October’s given a huge move to realty stocks, as they outperform everything else.
Yes, IIP was bad, and Inflation was high and GDP growth was low (announced on the 30th of Sep) and liquidity is tight and there was a US shutdown + debt limit + everything. But that was a wall of worry that stocks climbed, and climbed fast.
In 2013, we’re now up 4.8% on the Nifty, and the outperformer of the year is IT, followed by Pharma and FMCG: