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Nifty +0.32% · best Metal +4.33% · worst IT -3.25%
Published by The Retail Trader · MAR 31, 2023 · Monthly Audit
The March 2023 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2023-02-28 close to the 2023-03-31 close.
An account of 21 sessions, best to worst:
• Bank Nifty — +0.84%, close 40608.65
• Nifty 50 — +0.32%, close 17359.75
• Nifty 500 — +0.27%, close 14557.85
• Sensex — +0.05%, close 58991.52
• Midcap 100 — -0.27%, close 30035.15
Of the Nifty's 21 sessions, 11 were up and 10 down. The best day was 2023-03-31 (+1.63%), the worst 2023-03-13 (-1.49%).
There were 7.6 percentage points between the best and the worst sector:
• Metal — +4.33%
• Pharma — +2.30%
• FMCG — +2.15%
• PSU Bank — +1.58%
• Bank — +0.84%
• Media — -0.28%
• Realty — -1.49%
• IT — -3.25%
India VIX ranged between 12.18 and 16.30 during the month and closed at 12.94. The deepest peak-to-trough fall in the Nifty inside the month was -4.6% — so despite the month's net number of +0.32%, 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.