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Nifty -4.82% · best IT +0.21% · worst PSU Bank -19.96%
Published by The Retail Trader · JAN 29, 2016 · Monthly Audit
The January 2016 audit — what every major index and every sector did across the month's 19 sessions, all measured from the 2015-12-31 close to the 2016-01-29 close.
An account of 19 sessions, best to worst:
• Sensex — -4.77%, close 24870.69
• Nifty 50 — -4.82%, close 7563.55
• Nifty 500 — -5.73%, close 6339.45
• Midcap 100 — -6.92%, close 12469.10
• Bank Nifty — -8.27%, close 15522.40
Of the Nifty's 19 sessions, 7 were up and 12 down. The best day was 2016-01-22 (+2.00%), the worst 2016-01-07 (-2.23%). There were 2.1 points between the Midcap 100 and the Nifty — large caps were ahead of the broad market.
There were 20.2 percentage points between the best and the worst sector:
• IT — +0.21%
• Pharma — -1.74%
• FMCG — -5.25%
• Media — -6.25%
• Bank — -8.27%
• Metal — -9.22%
• Realty — -11.04%
• PSU Bank — -19.96%
That spread is worth attention: the index recorded -4.82%, but IT was at +0.21% and PSU Bank at -19.96%. Within one and the same month, this was an entirely different month for two portfolios.
India VIX ranged between 14.26 and 20.97 during the month and closed at 17.24. The deepest peak-to-trough fall in the Nifty inside the month was -6.6% — so despite the month's net number of -4.82%, 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.