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April may begin with an All Fool's Day, but the month seems to be great for producing handsome returns. The BSE Sensex and the NSE's S&P CNX Nifty gave average returns of 6.8 per cent and 6.3 per cent respectively in April during 2007-10.
A closer look at the Sensex constituents reveals that stocks from realty, banking and infrastructure sectors have reasons to cherish April. But pharma and a few auto majors have fared weaker than the benchmark in this month.
JP Associates, Jindal Steel and Power, Reliance Infra and DLF have done exceedingly well during April, while Cipla and Maruti Suzuki have underperformed the benchmarks.
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