In the run-up to Diwali, investor returns have hardly the sparkle that retail players were anticipating earlier. The Nifty has fallen nearly 6% over the past 1 month, while the Sensex has lost over 4,800 points or almost equal in terms of percentage loss. October is shaping up to be particularly challenging, resulting in the maximum loss in a single month since Covid-19 crash, and the most difficult pre-Diwali period in the last decade.
Historical Context – Maximum loss since 2015
Historically, the Nifty has seen negative returns in just four instances leading up to Diwali since 2014, with an average return of 0.84%. IndusInd Bank shares near lower circuit after Q2 earnings disappoint – Here is what’s worrying investors Persistent Systems shares rally over 12% on rise in Q2 numbers; hits new 52-week high Wipro shares zoom over 5% after Q2 betters estimates; is it the right time to buy? Angel One shares zoom over 8% on best-ever quarterly numbers
The worst…
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