September seasonality favours bears: Nifty down 6 of last 10 years; where to invest now?
September seasonality leans bearish, with the Nifty closing lower in 6 of the last 10 years, largely driven by foreign capital outflows as FIIs turned net sellers on as many occasions. The 50-stock index settled lower in 2015, 2016, 2017, 2018, 2020, and 2022. The sharpest fall of 6.4% was recorded in 2018, followed by…