The NSE Nifty 50 Index snapped its five-month winning streak and posted its first monthly loss of 2017 in June. The benchmark index rose 17.6 percent in the January to May period, before falling one percent in June.
July could be better for the Indian markets if history is any guide.
In the last five years, the Nifty has closed the month of July with gains three times. In the last 20 years, the Nifty closed July higher 12 times or 65 percent of the time.