April seasonality favours bulls, as Nifty ended positive 7 times in last 10 years
Nifty, has ended positive seven times in the last 10 years.
Nifty’s highest return in April was 14.7% in 2020, during the Covid-induced nationwide lockdown. The next best years were 2018 and 2023, when the 50-stock benchmark gained 6.2% and 4%, respectively.
The index's April returns in 2016, 2017, 2019, and 2024 were 1.44%, 1.42%, 1.07%, and 1.24%, respectively.
The three instances when Nifty closed negative in April were in 2015 (-3.65%), 2021 (-0.41%), and 2022 (-2.07%).
FII/DII data
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So far in 2025, foreign institutional investors (FIIs) have been net sellers in all the three months.
The FIIs have remained net buyers in the opening month of the new financial year on five occasions between 2015 and 2024.
The highest buying was seen in April 2019, when the FIIs bought shares worth Rs 21,193 crore. It was followed by Rs 11,721 crore in 2015 and Rs 11,631 crore in 2023. The foreign investors were net sellers in 2018, 2020, 2021, 2022 and 2024.
The Domestic Institutional Investors (DIIs) were net buyers on 8 occasions in the past decade i.e. in 2015, 2017, 2018, 2020, 2021, 2022, 2023 and 2024. The buying was highest in 2024 when DIIs bought shares worth Rs 44,186 crore. The next highest was in 2022 at Rs 30,842 crore.
Nifty rollover data
FIIs have ramped up their bullish bets on the Indian market heading into the April derivatives series and sector rotation could be in focus in the April series.
The foreign investors have sharply increased their long positions in index futures. FIIs' net