- Wealth PMS (50L+)
November 2012 saw a good run on the indexes, with both the Nifty and Sensex going up more than 4.5%.
This is way better than November last year, which was a hugely negative 9.3%. The Sensex has done well for itself too:
The last 10 years have been largely, very positive.
As you can see, the Nifty graph has been, for the most part, positive. In the last ten years, YTD till November has been positive for 8 years. Prior to that, the years were mixed bags.
And then, the 5 year snapshot shows you the move:
(Click for larger picture)
We are just 7% off the all time high and are at a new high since April 2011.
December has generally been rosy but that rule was broken last year. What happens this year? Do we hit new highs in 2012 or look forward to them in 2013? I’m not wagering a guess – the trend is up, and I’m all long and loving it.