Friday the 13th haunts Nifty bulls again! What’s the link between market crash and paraskevidekatriaphobia?
[hfe_template id='11223']
[ad_1]
For a second time in 2026, Friday the 13th, a date embedded in superstition and caution, so much so that it even has its own tongue-twisting phobia, Paraskevidekatriaphobia, has gotten Nifty bulls scrambling for cover. While it may send chills through popular Western culture, it seems to hold little sway over Dalal Street, where markets tend to move more on fundamentals. A closer look at the past 17 Friday-the-13th trading sessions suggests that markets in India are far more driven by fundamental factors. In fact, contrary to the long-held Western belief that the day brings misfortune, historical exchange data shows no consistent pattern of negative performance in Indian equities. Recent data is a case in point. The Indian market has actually closed higher in 52.94% of the last 17 such sessions - that’s 9 positive finishes. In some instances, gains were outright strong: on March 13, 2020, the Nifty 50 surged as much as 4% in a single day,...