The Indian markets hit a new high, driven by global trends and strong local buying, achieving a record twelve-day winning streak in August, surpassing the previous record of 11 days set in 2007.
The rally was led by the broad-based Nifty-50 for the fourth week in a row. The Bank Nifty brought up the rear.
However, with the next month on the calendar, we know that Equity markets in September are often viewed with concern, as it has historically been one of the worst months for stocks.
Read our take on the equity markets and “THE SEPTEMBER EFFECT“, and also check out the Monthly Peer Group PMS report with performance data as of 31.08.2024.
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