Exploring the Potential Correction in Indian Stock Markets This September Series

Monday, 2 September 2024, 23:54

Markets are on alert as the Indian stock markets enter the September series, a period often marked by volatility. With Nifty and Sensex hovering at record highs, analysts debate whether this month will finally see the long-anticipated market correction or if the upward momentum will continue in the Indian equities. Mixed signals from global factors contribute to the uncertainty that lies ahead.
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Exploring the Potential Correction in Indian Stock Markets This September Series

Markets Performance and Historical Trends

The Indian stock markets are currently experiencing a strong performance with the Nifty and Sensex at record highs. However, September has historically been a turbulent month. In fact, the Nifty has concluded September negatively in six out of the last ten years. This duality of current performance and historical trends sets a fascinating backdrop for investors.

Insights from Fundamental Experts

  • Shrikant Chouhan, Head of Equity Research at Kotak Securities, emphasizes the prospect of minimal correction given favorable macroeconomic conditions.
  • Neeraj Chadawar, Head of Research at Axis Securities, anticipates consolidation will drive market performance rather than significant corrections.
  • Varun Saboo from Anand Rathi suggests corrections might be minor due to strong economic growth.
  • Trivesh D of Tradejini acknowledges corrections but predicts them to be brief, leading to a more stable market.
  • Deepak Jasani of HDFC believes upcoming geopolitical events could impact market sentiment.
  • Aamar Deo Singh, Sr. VP at Angel One, stresses caution for new investments.

Technical Outlook for Nifty

Ajit Mishra from Religare Broking does not foresee major dips due to favorable conditions. Traders should keep an eye on major banking stocks influencing the Nifty's trajectory. Meanwhile, Aiyub Yacoobali notes a bullish breakout trend that could propel the Nifty towards new targets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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