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MARCH 2021 AUDIT: AN ALMOST FLAT MONTH

Nifty +1.11% · best FMCG +7.67% · worst PSU Bank -9.80%

Published by The Retail Trader · MAR 31, 2021 · Monthly Audit

The March 2021 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2021-02-26 close to the 2021-03-31 close.

March 2021 index and sector returns
2021-02-26 to 2021-03-31 — the return of every index and sector

INDEX LEVEL

An account of 21 sessions, best to worst:
• Midcap 100 — +1.82%, close 23693.15
• Nifty 50 — +1.11%, close 14690.70
• Nifty 500 — +1.09%, close 12313.70
• Sensex — +0.83%, close 49509.15
• Bank Nifty — -4.31%, close 33303.90

Of the Nifty's 21 sessions, 10 were up and 11 down. The best day was 2021-03-30 (+2.33%), the worst 2021-03-24 (-1.79%).

SECTOR LEVEL

There were 17.5 percentage points between the best and the worst sector:
• FMCG — +7.67%
• IT — +6.39%
• Metal — +4.04%
• Pharma — +2.89%
• Bank — -4.31%
• Realty — -4.47%
• Media — -4.91%
• PSU Bank — -9.80%

VOLATILITY AND DRAWDOWN

India VIX ranged between 19.99 and 25.63 during the month and closed at 20.65. The deepest peak-to-trough fall in the Nifty inside the month was -6.0% — so despite the month's net number of +1.11%, 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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