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MARCH 2015 AUDIT: NIFTY DOWN 4.0%

Nifty -4.00% · best Pharma +11.16% · worst PSU Bank -11.11%

Published by The Retail Trader · MAR 31, 2015 · Monthly Audit

The March 2015 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2015-02-27 close to the 2015-03-31 close.

March 2015 index and sector returns
2015-02-27 to 2015-03-31 — the return of every index and sector

INDEX LEVEL

An account of 21 sessions, best to worst:
• Midcap 100 — -0.85%, close 13001.25
• Nifty 500 — -3.22%, close 6978.15
• Nifty 50 — -4.00%, close 8491.00
• Sensex — -4.32%, close 27957.49
• Bank Nifty — -4.55%, close 18206.65

Of the Nifty's 21 sessions, 6 were up and 15 down. The best day was 2015-03-30 (+1.81%), the worst 2015-03-26 (-2.21%). There were 3.1 points between the Midcap 100 and the Nifty — the broad market was ahead of large caps.

SECTOR LEVEL

There were 22.3 percentage points between the best and the worst sector:
• Pharma — +11.16%
• Media — -2.57%
• IT — -3.76%
• Bank — -4.55%
• FMCG — -9.90%
• Realty — -10.35%
• Metal — -10.82%
• PSU Bank — -11.11%

That spread is worth attention: the index recorded -4.00%, but Pharma was at +11.16% and PSU Bank at -11.11%. Within one and the same month, this was an entirely different month for two portfolios.

VOLATILITY AND DRAWDOWN

India VIX ranged between 13.14 and 15.85 during the month and closed at 14.49. The deepest peak-to-trough fall in the Nifty inside the month was -7.3% — so despite the month's net number of -4.00%, 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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