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JANUARY 2014 AUDIT: NIFTY DOWN 3.4%

Nifty -3.40% · best IT +4.62% · worst Realty -16.28%

Published by The Retail Trader · JAN 31, 2014 · Monthly Audit

The January 2014 audit — what every major index and every sector did across the month's 22 sessions, all measured from the 2013-12-31 close to the 2014-01-31 close.

January 2014 index and sector returns
2013-12-31 to 2014-01-31 — the return of every index and sector

INDEX LEVEL

An account of 22 sessions, best to worst:
• Sensex — -3.10%, close 20513.85
• Nifty 50 — -3.40%, close 6089.50
• Nifty 500 — -4.19%, close 4709.15
• Midcap 100 — -6.58%, close 7540.00
• Bank Nifty — -10.08%, close 10237.75

Of the Nifty's 22 sessions, 9 were up and 13 down. The best day was 2014-01-13 (+1.64%), the worst 2014-01-27 (-2.09%). There were 3.2 points between the Midcap 100 and the Nifty — large caps were ahead of the broad market.

SECTOR LEVEL

There were 20.9 percentage points between the best and the worst sector:
• IT — +4.62%
• Pharma — +0.87%
• FMCG — -0.96%
• Media — -5.16%
• Metal — -8.32%
• Bank — -10.08%
• PSU Bank — -14.83%
• Realty — -16.28%

That spread is worth attention: the index recorded -3.40%, but IT was at +4.62% and Realty at -16.28%. Within one and the same month, this was an entirely different month for two portfolios.

VOLATILITY AND DRAWDOWN

India VIX ranged between 15.35 and 18.67 during the month and closed at 16.82. The deepest peak-to-trough fall in the Nifty inside the month was -4.3% — so despite the month's net number of -3.40%, a decline of that depth was seen along the way.

All figures in this article were computed from The Retail Trader daily index database through 24 July 2026. Past performance does not indicate future performance. This analysis is educational only and is not a recommendation to buy or sell.

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