Every sector shows its strength depending on the economy, government policies and supply/demand.
Here is my observation on Banking sector:
From 2003 to 2010, Banking sector has been doing well in Q3 except 2002.
Using 2003-2010 NSE-Bankex data
Average return in Q3: 21%
Minimum return in Q3: 9.4% (2004)
Maximum return in Q3: 43% (2006)
Number of -ve return in Q3: 0
Series of Q3 return is all positive values.
Bankex Index series from July to September (Assuming 1st value of the July month as 1) |
Year | 2003-Q3 | 2004-Q3 | 2005-Q3 | 2006-Q3 | 2007-Q3 | 2008-Q3 | 2009-Q3 | 2010-Q3 |
Return(%) | 17.94% | 9.44% | 25.64% | 43.24% | 16.61% | 17.03% | 13.89% | 31.26% |
Note: 2002 Q3 return of Bankex was negative (-6% ).
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