Key Points
Mumbai: After the 6% surge in the Nifty in April, investors are asking whether the oft-repeated adage 'Sell In May And Go Away' will play out this year..
With the failure of US-based First Republic Bank - and its bailout by JPMorgan Chase - coupled with the meeting of the US Federal Reserve's rate-setting panel later this week expected to increase uncertainty, there are concerns if the market has enough legs to sustain the recent rally..
In the event of a sell-off, analysts are recommending clients to load up on their favourite stocks...
"The 'Sell in May' phenomenon has not worked lately and it appears as though the summer seasonality has shifted in recent years," said Siddharth Bhamre, head of research, Religare Broking...
Though JPMorgan Chase will buy out First Republic Bank in a takeover arranged by the US regulators, the failure has raised fresh questions about the health of the financial system of the world's largest economy..
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