July was an eventful month for India. And not just because it was the first month of country's new Goods and Services Tax regime. India got a new president. Bihar got a new chief minister...but not really. Mukesh Ambani launched the “free” JioPhone, and a some much-anticipated mergers were called off. The Nifty50, on the other hand, moved past the 10,000 level for the first time ever and closed at an all-time high on the last day of the month.
Here are five interesting charts about markets in July.
Best Monthly Gain For Sensex In Over A Year
India's benchmark BSE Sensex witnessed its best monthly performance in July in more than a year. Sensex rose 5.15 percent in July, its highest monthly gain since March last year when it had run up more than 10 percent.
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Cash Volumes Most Since June 2009
The volume of trade in cash markets reached its highest level since June 2009, according to a research report by Morgan Stanley.
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Bullish Signals?
At the end of July, 82 percent of Indian stocks were trading above their 200-day moving average, compared to 74 percent in June, the Morgan Stanley report said.
The moving average of a stock typically acts as a support level for it.
The Best And The Worst Sectors
Energy and financials were the best-performing sectors, according to Morgan Stanley. The worst performing were healthcare, which incidentally was the best performing sector just a month ago.
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Derivative Turnover Hits New Peak
Monthly turnover from the derivatives segment, which rose 6.6 percent sequentially in July rose to a record high of $1,891 billion, according to the report.
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