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Nifty -0.03% · best PSU Bank +9.77% · worst Media -9.93%
Published by The Retail Trader · JAN 31, 2024 · Monthly Audit
The January 2024 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2023-12-29 close to the 2024-01-31 close.
An account of 21 sessions, best to worst:
• Midcap 100 — +5.17%, close 48568.60
• Nifty 500 — +1.92%, close 19802.10
• Nifty 50 — -0.03%, close 21725.70
• Sensex — -0.68%, close 71752.11
• Bank Nifty — -4.75%, close 45996.80
Of the Nifty's 21 sessions, 12 were up and 9 down. The best day was 2024-01-29 (+1.80%), the worst 2024-01-17 (-2.09%). There were 5.2 points between the Midcap 100 and the Nifty — the broad market was ahead of large caps.
There were 19.7 percentage points between the best and the worst sector:
• PSU Bank — +9.77%
• Realty — +9.34%
• Pharma — +6.58%
• IT — +3.16%
• Metal — -0.06%
• FMCG — -3.36%
• Bank — -4.75%
• Media — -9.93%
India VIX ranged between 12.63 and 16.10 during the month and closed at 16.05. The deepest peak-to-trough fall in the Nifty inside the month was -3.9% — so despite the month's net number of -0.03%, 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.