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 |
