“In the context of Nifty’s historical performance spanning the last two decades, a distinct and noteworthy pattern emerges,” said Dharmesh Shah, head-technicals, ICICI Securities. “Investors with an investment horizon of three months have found it profitable to initiate positions during the traditionally weaker month of September.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.