Stock Market: Investing in the stock market can make a big profit this month, know how?

Stock Market: Many festivals are celebrated in India in the month of October. That’s why people shop fiercely during this festive season. Due to which the month of October can prove to be very encouraging for the equity market.

Investing in the stock market can make a big profit this month

Stock Market : The month of October can be very encouraging for the domestic equity market. Because the month of September has not been very encouraging. There was a fall of 2000 points in the Sensex. At the same time, Nifty also fell below the key resistance level. However, if we look at the historical data, then the month of October can prove to be the best month so far for the stock markets. If you invest in the stock market this month, then you can get good returns due to the festive season. Because companies have huge profits from the festive season.

There is enthusiasm in the stock markets this month

Many festivals are celebrated in India in the month of October. It is considered as the festive season for the people and during this time people shop fiercely. On the other hand, if we look at the historical data, then the month of October proves to be very encouraging for the equity market. In the last 11 years, the index has given returns of up to 9.2 per cent in October and 2013 and 2011 have been the best performers. If we talk about the last three years, the index has given returns of 3.78 per cent, 4 per cent and 0.3 per cent respectively. In the month of October in 2012 and 2018, the index gave negative returns of 1.37 per cent and 4.9 per cent respectively.

September was not good for investors

The month of October is proving to be good for equity investors. At the same time, the month of September has proved to be very bad for them. The reason for this is that the index has given positive returns on just four occasions. Comparative analysis of monthly returns reveals that since 2011 till now, the chances of giving positive returns in October are high.

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Let us tell you that due to aggressive interest rate hike by the Fed Reserve, there was a fall in the stock markets around the world amid concerns about growth. In 2022, the Dow Jones has seen a decline of 20 percent so far. At the same time, the Sensex has seen a fall of only three percent. This reflects the flexibility of the Indian markets.