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Nifty +10.75% · best PSU Bank +20.22% · worst Pharma -1.60%
Published by The Retail Trader · MAR 31, 2016 · Monthly Audit
The March 2016 audit — what every major index and every sector did across the month's 20 sessions, all measured from the 2016-02-29 close to the 2016-03-31 close.
An account of 20 sessions, best to worst:
• Bank Nifty — +15.74%, close 16141.65
• Nifty 50 — +10.75%, close 7738.40
• Nifty 500 — +10.67%, close 6452.15
• Midcap 100 — +10.33%, close 12752.60
• Sensex — +10.17%, close 25341.86
Of the Nifty's 20 sessions, 15 were up and 5 down. The best day was 2016-03-01 (+3.37%), the worst 2016-03-28 (-1.31%).
There were 21.8 percentage points between the best and the worst sector:
• PSU Bank — +20.22%
• Realty — +20.15%
• Metal — +17.08%
• Bank — +15.74%
• IT — +10.03%
• FMCG — +7.81%
• Media — +7.16%
• Pharma — -1.60%
That spread is worth attention: the index recorded +10.75%, but PSU Bank was at +20.22% and Pharma at -1.60%. Within one and the same month, this was an entirely different month for two portfolios.
India VIX ranged between 16.33 and 18.99 during the month and closed at 16.58. The deepest peak-to-trough fall in the Nifty inside the month was -1.5% — so despite the month's net number of +10.75%, 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.