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Nifty -0.08% · best PSU Bank +17.86% · worst IT -10.02%
Published by The Retail Trader · JAN 31, 2022 · Monthly Audit
The January 2022 audit — what every major index and every sector did across the month's 20 sessions, all measured from the 2021-12-31 close to the 2022-01-31 close.
An account of 20 sessions, best to worst:
• Bank Nifty — +7.03%, close 37975.35
• Nifty 50 — -0.08%, close 17339.85
• Sensex — -0.41%, close 58014.17
• Nifty 500 — -0.50%, close 14921.45
• Midcap 100 — -0.55%, close 30273.95
Of the Nifty's 20 sessions, 11 were up and 9 down. The best day was 2022-01-03 (+1.57%), the worst 2022-01-24 (-2.66%).
There were 27.9 percentage points between the best and the worst sector:
• PSU Bank — +17.86%
• Bank — +7.03%
• Media — +0.75%
• Realty — -0.81%
• Metal — -0.87%
• FMCG — -2.96%
• Pharma — -7.33%
• IT — -10.02%
That spread is worth attention: the index recorded -0.08%, but PSU Bank was at +17.86% and IT at -10.02%. Within one and the same month, this was an entirely different month for two portfolios.
India VIX ranged between 16.12 and 22.83 during the month and closed at 21.95. The deepest peak-to-trough fall in the Nifty inside the month was -6.6% — so despite the month's net number of -0.08%, 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.