Monday Factor in July 2017 gains

There were five Mondays in the month of July and call it coincidence or purely incidental markets gained on each of the five Mondays. That by itself was not a big achievement but the fact that 85% of the monthly gains on the SENSEX and 65% on the NIFTY came on these five Mondays cumulatively. Looking at it another way on 16 days cumulatively SENSEX gained a mere 15% while on five days it gained 85%. In the case of NIFTY it was 35% on 16 days and 65% on five days.

Not too sure what it is but in any month where there are five days of a particular day of the week and on which the market trades on all five they tend to become crucial and invariably they account for the bulk of the movement irrespective of whether it is a gain or a loss. Couple of year’s back it happened with Tuesdays.

The full table for the SENSEX and NIFTY is given below.

Monday Value Value Prev Friday Change % change
03rd July 31221.62 30921.61 30th June 300.01 0.96
10th July 31715.64 31360.63 07th July 355.01 1.12
17th July 32074.78 32020.75 14th July 54.03 0.17
24th July 32245.87 32028.89 21st July 216.98 0.67
31st July 32514.94 32309.88 28th July 205.06 0.63
1131.09 3.66
Gains in July
31st July 32309.88 30921.61 30th June 1388.27 4.30
Percentage gains on Monday cumulatively 0.85
Monday Value Value Prev Friday Change % change
03rd July 9615 9520.9 30th June 94.10 0.98
10th July 9771.05 9665.8 07th July 105.25 1.08
17th July 9915.95 9886.35 14th July 29.60 0.30
24th July 9966.40 9915.25 21st July 51.15 0.51
31st July 10077.10 10014.5 28th July 62.60 0.62
342.70 3.60
Gains in July
31st July 1077.1 9520.9 30th June 556.2 5.52
Percentage gains on Monday cumulatively 0.65
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