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Nifty -2.45% · best IT +3.91% · worst PSU Bank -7.22%
Published by The Retail Trader · JAN 31, 2023 · Monthly Audit
The January 2023 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2022-12-30 close to the 2023-01-31 close.
An account of 21 sessions, best to worst:
• Sensex — -2.12%, close 59549.90
• Nifty 50 — -2.45%, close 17662.15
• Midcap 100 — -2.64%, close 30676.45
• Nifty 500 — -3.32%, close 14935.50
• Bank Nifty — -5.42%, close 40655.05
Of the Nifty's 21 sessions, 9 were up and 12 down. The best day was 2023-01-09 (+1.35%), the worst 2023-01-27 (-1.61%).
There were 11.1 percentage points between the best and the worst sector:
• IT — +3.91%
• FMCG — +0.65%
• Pharma — -1.88%
• Metal — -3.79%
• Realty — -4.69%
• Media — -4.69%
• Bank — -5.42%
• PSU Bank — -7.22%
India VIX ranged between 13.62 and 17.71 during the month and closed at 16.88. The deepest peak-to-trough fall in the Nifty inside the month was -3.4% — so despite the month's net number of -2.45%, 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.