Sun Shines on Indian Equities

The month of May has proven to be a remarkable one for investors, defying the famous adage of ‘sell in May and go away’. Those who took this saying seriously would surely be pulling their hair out as the markets have delivered impressive returns. The Nifty for the May series alone has seen a handsome gain of just over 2 per cent. But hold on because the performance of the broader markets will leave you in awe. The Nifty Mid-Cap and Small-Cap indices have surged by 4 per cent and 3 per cent, respectively. It’s clear that May has been a month of bullish momentum. In recent months, we have been emphasising that this is a stock picker’s market, where individual stock choices matter more than ever.