Index performance data in August over the past decade show mixed trends with Nifty 50 and Nifty 500 having gained on six out of 10 instances. Even global indices have shown similar mixed seasonality trends, as US benchmarks S&P 500 and Dow have ended higher five times since 2015.
With the looming uncertainty over the effects of US tariffs on India adding to haze, investors are bracing for a rollercoaster ride this month.
Agencies“The past decade’s performance offers mixed signals for August, with returns being split. Like we saw July’s typical seasonality not playing out this year, volatility is expected to persist in August as well, with the Nifty likely to trade within the 24,400-25,500 range,” said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services. The Nifty ended at 24,768.35 on Thursday – the last day of July.
According to Motilal Oswal, the Nifty on average has moved up 0.9%, while the Nifty 500 index has gained 1.25% in August between 2015 and 2024.
