In the last 5 years, during the month of September, Nifty has given significant amount of returns.
Nifty 50
Year
11751
Sept 2018
Change
900 Points
11694
Sept 2019
1000 Points
11618
Sept 2020
800 Points
17050
Sept 2021
900 Points
18096
Sept 2022
1300 Points
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What is expected for Nifty this September?
The US Federal Reserve is anticipated to maintain interest rates despite the nation's gloomy economic indicators. The expectation of no more rate increases is anticipated to drag down US Treasury yields and eventually weaken the US dollar.
The Indian stock market's short-term outlook is still gloomy. The environment will be greatly influenced by inflation figures. A high CPI print will put the market at risk. Interest rates are projected to remain unchanged by the US Fed, which will be good for the equities markets.
Domestic gold prices could increase due to festive demand and currency weakening. For the month of September, gold prices on the MCX are predicted to range between Rs.58,500 and Rs.60,400.
According to the recent US economic data, there is doubt that inflation will reach the target level of 2% and that labor market conditions have begun to deteriorate. These external factors like, the uncertainty around Fed rate hikes and the sluggish economic growth in China will continue to depreciate rupee.