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JANUARY 2020 AUDIT: AN ALMOST FLAT MONTH

Nifty -1.70% · best Realty +10.89% · worst Metal -8.29%

Published by The Retail Trader · JAN 31, 2020 · Monthly Audit

The January 2020 audit — what every major index and every sector did across the month's 23 sessions, all measured from the 2019-12-31 close to the 2020-01-31 close.

January 2020 index and sector returns
2019-12-31 to 2020-01-31 — the return of every index and sector

INDEX LEVEL

An account of 23 sessions, best to worst:
• Midcap 100 — +5.31%, close 18010.20
• Nifty 500 — -0.11%, close 9861.45
• Sensex — -1.29%, close 40723.49
• Nifty 50 — -1.70%, close 11962.10
• Bank Nifty — -4.13%, close 30833.60

Of the Nifty's 23 sessions, 11 were up and 12 down. The best day was 2020-01-09 (+1.58%), the worst 2020-01-06 (-1.91%). There were 7.0 points between the Midcap 100 and the Nifty — the broad market was ahead of large caps.

SECTOR LEVEL

There were 19.2 percentage points between the best and the worst sector:
• Realty — +10.89%
• IT — +3.14%
• FMCG — +2.17%
• Media — +1.76%
• Pharma — +1.22%
• Bank — -4.13%
• PSU Bank — -6.27%
• Metal — -8.29%

VOLATILITY AND DRAWDOWN

India VIX ranged between 11.49 and 17.37 during the month and closed at 17.37. The deepest peak-to-trough fall in the Nifty inside the month was -3.2% — so despite the month's net number of -1.70%, 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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