December best time for stock markets: Religare

PUBLISHED ON: December 5, 2012 | Duration: 26 min, 54 sec

  
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The Nifty hit its highest level since April 2011 in intraday trade, on optimism that the government will win a crucial vote on foreign direct investment in multi-brand retail in parliament. According to Tirthankar Patnaik, director and strategist of institutional research at Religare Capital, December is usually the best time for markets. "Average returns in January are double than any other month," he said.
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