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OCTOBER 2023 AUDIT: NIFTY DOWN 2.8%

Nifty -2.84% · best Realty +4.75% · worst PSU Bank -6.16%

Published by The Retail Trader · OCT 31, 2023 · Monthly Audit

The October 2023 audit — what every major index and every sector did across the month's 20 sessions, all measured from the 2023-09-29 close to the 2023-10-31 close.

October 2023 index and sector returns
2023-09-29 to 2023-10-31 — the return of every index and sector

INDEX LEVEL

An account of 20 sessions, best to worst:
• Nifty 500 — -2.84%, close 16801.10
• Nifty 50 — -2.84%, close 19079.60
• Sensex — -2.97%, close 63874.93
• Bank Nifty — -3.90%, close 42845.95
• Midcap 100 — -4.10%, close 38876.95

Of the Nifty's 20 sessions, 7 were up and 13 down. The best day was 2023-10-27 (+1.01%), the worst 2023-10-26 (-1.39%).

SECTOR LEVEL

There were 10.9 percentage points between the best and the worst sector:
• Realty — +4.75%
• FMCG — -0.66%
• Media — -3.05%
• IT — -3.78%
• Bank — -3.90%
• Pharma — -4.79%
• Metal — -5.66%
• PSU Bank — -6.16%

VOLATILITY AND DRAWDOWN

India VIX ranged between 10.30 and 11.83 during the month and closed at 11.83. The deepest peak-to-trough fall in the Nifty inside the month was -4.8% — so despite the month's net number of -2.84%, 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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