Equity markets mostly rise after El Nino effect: Study
India witnessed the El Nino effect in 2002, 2004, 2006, 2009, 2014, and 2015. The Nifty has fallen on two out of the six occasions over a three-month period and once over a six-month period. The average three and six-month Nifty returns post-August in these six years are 5.29% and 12.1%, respectively, while the one-year forward returns have been 22.82%, show data from Samco Securities.
