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APRIL 2017 AUDIT: AN ALMOST FLAT MONTH

Nifty +1.42% · best Realty +16.79% · worst IT -7.10%

Published by The Retail Trader · APR 28, 2017 · Monthly Audit

The April 2017 audit — what every major index and every sector did across the month's 18 sessions, all measured from the 2017-03-31 close to the 2017-04-28 close.

April 2017 index and sector returns
2017-03-31 to 2017-04-28 — the return of every index and sector

INDEX LEVEL

An account of 18 sessions, best to worst:
• Midcap 100 — +5.17%, close 18086.45
• Bank Nifty — +4.26%, close 22358.25
• Nifty 500 — +2.74%, close 8214.30
• Nifty 50 — +1.42%, close 9304.05
• Sensex — +1.01%, close 29918.40

Of the Nifty's 18 sessions, 7 were up and 11 down. The best day was 2017-04-24 (+1.08%), the worst 2017-04-07 (-0.69%). There were 3.8 points between the Midcap 100 and the Nifty — the broad market was ahead of large caps.

SECTOR LEVEL

There were 23.9 percentage points between the best and the worst sector:
• Realty — +16.79%
• Bank — +4.26%
• PSU Bank — +3.76%
• Media — +2.46%
• FMCG — +0.57%
• Pharma — -2.79%
• Metal — -3.94%
• IT — -7.10%

That spread is worth attention: the index recorded +1.42%, but Realty was at +16.79% and IT at -7.10%. Within one and the same month, this was an entirely different month for two portfolios.

VOLATILITY AND DRAWDOWN

India VIX ranged between 10.86 and 12.38 during the month and closed at 10.86. The deepest peak-to-trough fall in the Nifty inside the month was -1.7% — so despite the month's net number of +1.42%, 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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