April seasonality favours bulls, as Nifty ended positive 7 times in last 10 years
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April is a seasonally strong month for the domestic stock markets, and India’s benchmark index, Nifty, has ended positive seven times in the last 10 years. Nifty’s highest return in April was 14.7% in 2020, during the Covid-induced nationwide lockdown. The next best years were 2018 and 2023, when the 50-stock benchmark gained 6.2% and 4%, respectively. The index's April returns in 2016, 2017, 2019, and 2024 were 1.44%, 1.42%, 1.07%, and 1.24%, respectively. The three instances when Nifty closed negative in April were in 2015 (-3.65%), 2021 (-0.41%), and 2022 (-2.07%). FII/DII data Live Events So far in 2025, foreign institutional investors (FIIs) have been net sellers in all the three months. The FIIs have remained net buyers in the opening month of the new financial year on five occasions between 2015 and 2024. The highest buying was seen in April 2019, when the FIIs bought shares worth Rs 21,193 crore. It was followed by Rs 11,721 c...