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SEPTEMBER 2018 AUDIT: NIFTY DOWN 6.4%

Nifty -6.42% · best IT +0.17% · worst Realty -20.39%

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

The September 2018 audit — what every major index and every sector did across the month's 18 sessions, all measured from the 2018-08-31 close to the 2018-09-28 close.

September 2018 index and sector returns
2018-08-31 to 2018-09-28 — the return of every index and sector

INDEX LEVEL

An account of 18 sessions, best to worst:
• Sensex — -6.26%, close 36227.14
• Nifty 50 — -6.42%, close 10930.45
• Nifty 500 — -8.77%, close 9116.00
• Bank Nifty — -10.48%, close 25119.85
• Midcap 100 — -13.89%, close 17154.35

Of the Nifty's 18 sessions, 5 were up and 13 down. The best day was 2018-09-14 (+1.28%), the worst 2018-09-24 (-1.58%). There were 7.5 points between the Midcap 100 and the Nifty — large caps were ahead of the broad market.

SECTOR LEVEL

There were 20.6 percentage points between the best and the worst sector:
• IT — +0.17%
• Pharma — -4.03%
• Metal — -4.34%
• FMCG — -9.58%
• Bank — -10.48%
• Media — -13.82%
• PSU Bank — -18.55%
• Realty — -20.39%

That spread is worth attention: the index recorded -6.42%, but IT was at +0.17% and Realty at -20.39%. Within one and the same month, this was an entirely different month for two portfolios.

VOLATILITY AND DRAWDOWN

India VIX ranged between 13.39 and 17.43 during the month and closed at 17.00. The deepest peak-to-trough fall in the Nifty inside the month was -5.7% — so despite the month's net number of -6.42%, 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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