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FEBRUARY 2021 AUDIT: A QUIET INDEX, 34 POINTS BETWEEN THE SECTORS

Nifty +6.56% · best PSU Bank +31.88% · worst FMCG -2.05%

Published by The Retail Trader · FEB 26, 2021 · Monthly Audit

The February 2021 audit — what every major index and every sector did across the month's 20 sessions, all measured from the 2021-01-29 close to the 2021-02-26 close.

February 2021 index and sector returns
2021-01-29 to 2021-02-26 — the return of every index and sector

INDEX LEVEL

An account of 20 sessions, best to worst:
• Bank Nifty — +13.87%, close 34803.60
• Midcap 100 — +11.28%, close 23268.50
• Nifty 500 — +7.78%, close 12181.40
• Nifty 50 — +6.56%, close 14529.15
• Sensex — +6.08%, close 49099.99

Of the Nifty's 20 sessions, 11 were up and 9 down. The best day was 2021-02-01 (+4.74%), the worst 2021-02-26 (-3.76%). There were 4.7 points between the Midcap 100 and the Nifty — the broad market was ahead of large caps.

SECTOR LEVEL

There were 33.9 percentage points between the best and the worst sector:
• PSU Bank — +31.88%
• Metal — +24.21%
• Realty — +14.44%
• Bank — +13.87%
• IT — -1.40%
• Media — -1.51%
• Pharma — -1.99%
• FMCG — -2.05%

That spread is worth attention: the index recorded +6.56%, but PSU Bank was at +31.88% and FMCG at -2.05%. Within one and the same month, this was an entirely different month for two portfolios.

VOLATILITY AND DRAWDOWN

India VIX ranged between 21.54 and 28.14 during the month and closed at 28.14. The deepest peak-to-trough fall in the Nifty inside the month was -5.1% — so despite the month's net number of +6.56%, 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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