Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Charts: Nifty and Next 50 Monthly Returns Show a Whopper Return in March

1 Apr 2019Deepak Shenoy1 min read

Quick Facts

What is "Charts: Nifty and Next 50 Monthly Returns Show a Whopper Return in March" about?
What category is this article in?: Charts And Analysis
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 1 April 2019.
How long does this article take to read?: 1 min read
What topics does this article cover?: Monthly returns
What does the "What's next? Another 10% rally?" section say?: Markets are mad. But we need to be really careful about them - there is no real need to panic buy in advance. But given the euphoria around elections, the sentiment that's driving markets up will provide a good fillip to your portfolios as well. The rising tide that lifts all boats.

The Nifty’s ended the financial year well, with a 7% gain and a solid move on the index. We usually post this as a chart regularly and have missed out on it the last few months.

This time the Next 50 also rallied more than 6%.

What’s next? Another 10% rally?

Markets are mad. But we need to be really careful about them - there is no real need to panic buy in advance. But given the euphoria around elections, the sentiment that’s driving markets up will provide a good fillip to your portfolios as well. The rising tide that lifts all boats.

This time though it doesn’t seem lousy. The Next 50 is flat for 2019 and was a negative 9% in 2018. So there’s enough room for a move up as well. It’s just that the Nifty looks like it’s heading for the moon and the stars, if it’s not there already. Markets can be irrational for a long time, though, so no reason to act in panic either in buying or in selling. Let’s hope we don’t get a big red box this year!