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Best and worst performing indices since May 2014
May 4, 2015

Over the last couple of months the India stock markets have corrected sharply over concerns pertaining to retrospective taxation, sub-par monsoons, poor earnings expectations etc. And if we go by the past history, more trouble awaits in the month of May. As per a news article, Indian indices have lost ground about 11 times in May since 1993! That is about 50% of the time the Sensex has fallen in the month of May over the last 20 odd years. Not only India even global markets typically tend to lose ground in May. For instance, since 2004, Asian markets (ex- Japan) have declined on 7 occasions in this month. Even European and the US markets have revealed similar tendency. It seems the month of May is a curse for equity investors.

Now Indian investors have had a fairly good run since the elections last May.

The Sensex has returned 20% on a year to date (YTD) basis. To the right of Sensex are 3 top performing sectors, while to its left are the 3 worst performing sectors on YTD basis. Going by the poor earnings announcements and weak sentiments, the stock market performance this month may well be no different than those in the past. But for long term investors, the possible market correction may offer opportunities to pick up stocks that seemed very expensive over the past few months.

Dat Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - Buffett on Chinese stocks, sugar and inflation

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