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Nifty -0.41%, but IT +9.4% — the whole month's action was in one sector
Published by The Retail Trader · JUL 24, 2026 · Monthly Audit
The July 2026 audit runs to the last session in the dataset, 24 July — so this is an incomplete month of 18 sessions, not a full one. At the index level nothing happened; at the sector level came the biggest single move of the month.
18 sessions, from the 30 June close:
• Nifty 50 — -0.41%, close 23,767.45
• Sensex — -0.55%, close 76,059.77
• Bank Nifty — -1.48%, close 56,693.50
• Midcap 100 — -0.28%, close 61,622.35
• Nifty 500 — -0.36%, close 22,913.30
Across Nifty's 18 sessions, 9 were up and 9 were down — exactly even. The best day was 17 July (+1.09%), the worst was 8 July (-2.12%).
Sector returns, best to worst:
• IT — +9.4%. The only one near double digits across the board.
• Realty — +6.3%
• Media — +3.3%
• Pharma — +0.9%
• FMCG — +0.5%
• Metal — -0.9%
• Bank — -1.5%
• PSU Bank — -1.7%
IT's +9.4% is worth noting in the context of this year: the same sector is at -24.1% year-to-date in 2026, the worst across the board. One month's bounce does not change that picture, but it is certainly the first month in which IT led.
India VIX ranged between 11.65 and 14.68, ending the month at 14.03. After March's 27.89, this is the fourth month in a row in which VIX has been seen returning to the calm zone.
All figures in this article are computed from The Retail Trader's own daily index database, up to 24 July 2026. Past performance is no indication of the future, and this analysis is for education only — it is not a buy or sell recommendation.