Business Standard

Street signs: July-rebound theory fails, index funds get popular, and more

Most shares have declined in July amid sharp sell-off by foreign portfolio investors (FPIs) hurt by the increase in tax surcharge

Markets, Investors, Indices, Stocks

Representative Image

Samie ModakSundar SethuramanJash Kriplani
July-rebound theory fails



Before the start of this month, a theory doing the rounds was that investors should build long positions as the markets tend to jump sharply in July from their June lows. In the past 26 years, the benchmark Sensex has jumped an average 12.3 per cent from its June lows to July highs. Investors who

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 28 2019 | 9:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to