Loading

Market Intelligence › Reports

FEBRUARY 2024 AUDIT: AN ALMOST FLAT MONTH

Nifty +1.18% · best PSU Bank +10.49% · worst Media -4.70%

Published by The Retail Trader · FEB 29, 2024 · Monthly Audit

The February 2024 audit — what every major index and every sector did across the month's 21 sessions, all measured from the 2024-01-31 close to the 2024-02-29 close.

February 2024 index and sector returns
2024-01-31 to 2024-02-29 — the return of every index and sector

INDEX LEVEL

An account of 21 sessions, best to worst:
• Nifty 500 — +1.45%, close 20090.05
• Nifty 50 — +1.18%, close 21982.80
• Sensex — +1.04%, close 72500.30
• Bank Nifty — +0.27%, close 46120.90
• Midcap 100 — -0.48%, close 48335.70

Of the Nifty's 21 sessions, 13 were up and 8 down. The best day was 2024-02-22 (+0.74%), the worst 2024-02-28 (-1.11%).

SECTOR LEVEL

There were 15.2 percentage points between the best and the worst sector:
• PSU Bank — +10.49%
• Realty — +6.35%
• Pharma — +5.93%
• IT — +2.95%
• Bank — +0.27%
• Metal — -0.64%
• FMCG — -1.92%
• Media — -4.70%

VOLATILITY AND DRAWDOWN

India VIX ranged between 14.46 and 16.33 during the month and closed at 15.57. The deepest peak-to-trough fall in the Nifty inside the month was -1.4% — so despite the month's net number of +1.18%, 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.

Back to Market Intelligence