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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
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Samie ModakSundar SethuramanJash Kriplani
July-rebound theory fails

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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

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

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