New Delhi, Aug 30 (PTI) Going by history, the stock market could be in for some troubles as September has been the worst month historically for the bourses, but the analysts are still hopeful that the trend may be reversed this time around.
Moreover, the analysts here believe that September being the worst month of the year in terms of the benchmark index performance is more of a US phenomenon and the Indian market, being structurally different, might not follow the same trend.
According to an analysis of the the average monthly performance over the last 100 years of the Dow Jones Industrial Average, the benchmark index of the US market, the month of September has given the worst return with an average decline of 0.96 per cent.
The analysis shows that over the last 100 years, the month of September has recorded decline a majority of 58 times.
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