Blog
What the numbers said — foreign and domestic flows, index valuations, gold and silver — written from the same data the rest of this site shows, with the date on every figure.
Nifty 50 down 15% from its high: how deep is this fall?
31 Mar 2026
The Nifty 50 closed at 22,331.40 on 30 March 2026, 15.18% below its record, with the P/E at 19.62 and India VIX at 27.89. Where this fall sits in the record.
Market RecapMarket Valuations
Arbitrage funds returned 6.90% in a year to March 2026
30 Mar 2026
The median arbitrage fund returned 6.90% in the year to 27 March 2026, against 6.27% for liquid funds. March's volatility did not speed the funds up.
Debt & Hybrid Funds
Nifty IT P/E at 21.1, level with the Nifty 50
27 Mar 2026
Nifty IT closed at a P/E of 21.08 on 25 March 2026, below all but 10 sessions since 2021 and level with the Nifty 50. Its price fell 22% in eight weeks.
Market ValuationsSectors
Nifty 50 P/E slips under 20, first time since March 2025
26 Mar 2026
The Nifty 50's P/E closed at 19.70 on 23 March 2026, under 20 for the first time since 13 March 2025. Price did all the work; earnings were flat.
Market Valuations
Direct vs Regular plans: the return gap, from NAVs
25 Mar 2026
Across 372 equity schemes sold both ways, the Direct plan beat the Regular by a median 1.31 points a year over three years to 24 March 2026. By category.
Costs & FeesFund Returns
FII selling in March 2026 crosses ₹1 lakh crore
25 Mar 2026
FIIs sold a net ₹1,05,205 crore of Indian shares from 2 to 24 March 2026, net sellers on all 16 sessions. DIIs bought ₹1,19,070 crore over the same days.
FII & DII FlowsIndia VIX at 26.73: the highest close since June 2024
24 Mar 2026
India VIX closed at 26.73 on 23 March 2026, nearly double its February-end 13.70 and above 96% of all closes since 2014. What the gauge measures.
Market ValuationsMarket Recap
Gilt funds made 2.55% in a year, the G-Sec index 4.82%
23 Mar 2026
The median gilt fund returned 2.55% in the year to 20 March 2026. NSE's 10-year benchmark G-Sec index returned 4.82%, and long-bond indices lost money.
Debt & Hybrid FundsNifty Smallcap 250 P/E at 24.3: below its median
20 Mar 2026
The Nifty Smallcap 250 closed at a P/E of 24.29 on 19 March 2026, under its 28.38 median since 2021, after an 11.6% fall in the index this year.
Market Valuations
ELSS funds before 31 March: three good years, a bad quarter
19 Mar 2026
The median ELSS fund returned 16.00% a year over the three years to 18 March 2026, yet all 39 are down in 2026. The spread, best, worst and the lock-in.
Fund ReturnsNifty Midcap 150 P/E at 30.3 in the March fall
18 Mar 2026
The Nifty Midcap 150 closed at a P/E of 30.34 on 17 March 2026, just under its 31.16 median since 2021, but 1.47 times the Nifty 50's P/E.
Market Valuations
Small-cap funds in the March fall: 15% below their peaks
16 Mar 2026
On 13 March 2026 the median small-cap fund sat 14.93% below its all-time high and 13.14% below its 52-week high. Which funds held up and which fell furthest.
Fund ReturnsThe Nifty 50 is 10% off its high: a correction
13 Mar 2026
The Nifty 50 closed at 23,639.15 on 12 March 2026, 10.21% below its 2 January record. How it got there, and the nine earlier 10% falls since 2007.
Market Recap
Large-cap fund returns: 22 of 30 beat the Nifty 100
11 Mar 2026
To 10 March 2026 the median large-cap fund returned 15.50% a year over 3 years; 22 of 30 beat our estimated Nifty 100 return of 14.59%. The 1 to 10-year spread.
Fund Returns
Nifty Bank P/B at 1.96, its lowest since 2021
10 Mar 2026
Nifty Bank closed at a price-to-book of 1.96 on 9 March 2026, lower than any session since March 2021, with the index only 9% below its February record.
Market ValuationsSectors
Liquid funds returned 6.38% in the year to March 2026
09 Mar 2026
The median liquid fund returned 6.38% in the year to 8 March 2026, and 31 of 37 funds sat within 0.10 points of it. The recent pace is nearer 6%.
Debt & Hybrid Funds
Nifty 50 P/E at 21.67: below its five-year median
06 Mar 2026
The Nifty 50 closed at a P/E of 21.67 on 5 March 2026, under its 22.32 median since 2021, while its P/B of 3.37 sits near the bottom of its range.
Market Valuations
Equity fund scorecard, February 2026: mid caps lead
05 Mar 2026
The median equity fund gained 1.08% in February 2026 while the Nifty 50 slipped 0.56%. Mid caps led at 2.05%. Medians for 12 categories, NAVs to 27 Feb.
Fund Returns
New mutual funds in February 2026: 22 launches
05 Mar 2026
22 new schemes published a first NAV in February 2026, double January's 11. Eleven were active equity funds, seven of them sectoral or thematic.
Fund Industry
Nifty 50 stocks in February 2026: IT fills the bottom
04 Mar 2026
30 of the 50 current Nifty 50 stocks rose in February 2026, led by Power Grid (+16.4%). All five IT stocks fell 15% to 22%. Best, worst and the sector split.
SectorsMarket Recap