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Nifty +10.51%, Bank Nifty +17.15%, PSU Bank +30.5% — and IT, Realty, Media in the red
Published by The Retail Trader · DEC 31, 2025 · Performance Review
2025 was a good year — but not for everyone. Double-digit gains at the index level, and at the sector level five out of eight negative. This is the kind of year where 'the market gave 10%' and 'my portfolio is red' can both be true.
Full year:
• Bank Nifty — +17.15%
• Nifty 50 — +10.51%
• Sensex — +9.06%
• Nifty 500 — +6.69%
• Midcap 100 — +5.74%
Note that the ladder is upside down. The Nifty 50 left both the Nifty 500 and the Midcap 100 behind. In 19 years, largecaps have beaten midcaps only 7 times — 2025 is one of them.
Calendar year 2025:
• PSU Bank — +30.5%
• Metal — +29.1%
• Bank — +17.1%
• FMCG — -2.3%
• Pharma — -2.9%
• IT — -12.6%
• Realty — -16.6%
• Media — -20.5%
PSU Bank was the leader of 2025. Recall the pattern from our sector rotation study: since 2012, not even once has the previous year's leader been the leader the next year. In 2026, PSU Bank is at -2.2% year-to-date — the pattern repeated again.
In 2024 the Midcap 100 was at +23.86% and the Nifty at +8.80%. In 2025 that reversed: Midcap +5.74%, Nifty +10.51%. A 15-point swing in one year on the basis of size alone — with no sector call at all.
All figures in this article are computed from The Retail Trader's own daily index database, as of 24 July 2026. Past performance is no indication of the future, and this analysis is for educational purposes only — it is not a buy or sell recommendation.