History revisited: Indices rebound after 3 consecutive months of declines

This follows 2020, 2012, 2011 pattern, and the one in 2008, during the Global Financial Crisis

The benchmark indices have repeated the pattern of bouncing back sharply after three consecutive months of slide. In July, the Nifty-50 rallied 8.7 per cent after posting three straight months of losses.

Last time a three-month continuous fall happened was from January to March 2020, when the uncertainty around the Covid-19 pandemic and lockdowns rattled investors. But the Sensex gained 14.4 per cent in April 2020. In fact, similar scripts have played out in 2008, 2011 and 2012.

During the 2008 Global Financial Crisis, markets had plunged between September and November 2008 only to bounce back 7.4 per cent in December. In