If you are troubled by the first half of 2020 amid deteriorating economic situation and a global heath pandemic along with geopolitical tensions, there is some glimmer of hope for you in the next half. Zee Business’ Sandeep Grover brings an interesting analysis for you.
In his detailed analysis, Grover tells that the second half of the year is usually better than the first half. He finds out the average returns given by top Nifty indices over the last five years.
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His analysis shows that Nifty, Bank Nifty and Fast Moving Consumer Goods (FMCG) have given positive returns over the last 3 years. Moreover, Bank Nifty and FMCG sectors have given positive returns four out of five times.
Among his other key takeaways, Grover said that no index has given positive returns for consecutive five times. The analysis is only limited to H2 of the year, he emphasised.
The sector which has exhibited maximum volatility in the second half of the last five years is metal, he said. The returns have been in the range of 6 per cent to 32 per cent, he added.
Out of the 10 indices that Grover analysed, pharma sector remains the only sector which has given an average negative returns over second half of the five year period. This index has delivered a negative returns of 2 per cent.
The maximum returns have been offered by the Nifty mid-cap index at 4.5 per cent, Grover said. Small cap index has given an average return of 3 per cent.
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Zee Business Managing Editor Anil Singhvi echoed similar sentiments on the pharma sector. He said that this sector has gone past its prime. The broader rally in the pharma sector has already been achieved. There are no low hanging fruits in this sector anymore and the stocks will perform in line with the market performance.