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MARCH 2018 AUDIT: NIFTY DOWN 3.6%

Nifty -3.61% · best Media -0.76% · worst Metal -12.06%

Published by The Retail Trader · MAR 28, 2018 · Monthly Audit

The March 2018 audit — what every major index and every sector did across the month's 19 sessions, all measured from the 2018-02-28 close to the 2018-03-28 close.

March 2018 index and sector returns
2018-02-28 to 2018-03-28 — the return of every index and sector

INDEX LEVEL

An account of 19 sessions, best to worst:
• Bank Nifty — -3.36%, close 24263.35
• Sensex — -3.56%, close 32968.68
• Nifty 50 — -3.61%, close 10113.70
• Nifty 500 — -3.78%, close 8912.10
• Midcap 100 — -4.62%, close 18757.00

Of the Nifty's 19 sessions, 7 were up and 12 down. The best day was 2018-03-12 (+1.90%), the worst 2018-03-16 (-1.59%).

SECTOR LEVEL

All eight of the eight sectors closed negative — such a month is rare, and in it sector selection offers no shelter:
• Media — -0.76%
• FMCG — -1.46%
• IT — -2.32%
• Bank — -3.36%
• PSU Bank — -6.51%
• Pharma — -6.72%
• Realty — -10.05%
• Metal — -12.06%

VOLATILITY AND DRAWDOWN

India VIX ranged between 14.07 and 16.25 during the month and closed at 15.76. The deepest peak-to-trough fall in the Nifty inside the month was -4.4% — so despite the month's net number of -3.61%, 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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