Contrary to the popular “Sell in May and go away” adage, data suggests Indian stock markets perform better from May to October, averaging 7.6% returns compared to November-April’s 4%. Analyzing a decade of trends reveals May, June, and July historically show strong probabilities of positive returns.
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the