Data as of the Oct 1 close. The Nifty finished at 22,421, which is 15.0% below its Jan 5 record of 26,373.20 and about 6% above the 20% line that would make it a bear market.
The bar runs from the record high (0%) to a 20% fall, the usual definition of a bear market.
Year to date is measured from the Dec 31, 2025 close. The two-month window starts at the Jul 31 close.
| Index | Oct 1 close | Year to date | From record high | Last 2 months |
|---|---|---|---|---|
| Nifty 50 | 22,421 | -14.2% | -15.0% | -8.0% |
| Sensex (estimated) | about 71,909 | -15.6% | -16.5% | -7.9% |
The Sensex close is estimated from the reported 571-point fall on Oct 1. The Sensex record used is 86,159.02 (December 2025). The Nifty record of 26,373.20 is the Jan 5 intraday high.
Both indices indexed to 100 on Dec 31, 2025. Tap or hover a point to see the actual close.
Selected closing dates, so the spacing is not even. Both indices bottomed on Mar 30 near 85 and 84, recovered to about 93 and 92 by July, then gave it back in September.
The Nifty fell 8.0% from its Jul 31 close of 24,383.60. September alone was down about 6.1%, its worst September in roughly eight years.
Selected closes. The dashed segment joins Aug 31 to Sep 24; closes for Sep 1 to 23 are not plotted. The red dashed line marks the April low of 22,182.55.
Peak-to-trough falls in the Nifty. Only the 2008 crisis and the Covid crash crossed the 20% line in this set.
2008, 2021 to 2022 and 2024 to 2025 are from an Inves21 drawdown study; Covid is from NISM. The Jan to Apr 2026 and current figures are calculated from the 26,373.20 peak. "Now" is still in progress.
Large caps and IT took the damage while smallcaps held up.
Calendar 2026 to Sep 29-30. Pharma, healthcare, metals and capital goods indices were up between 13% and 19% over the same period. Under the surface, 252 of the Nifty 500 stocks (50.4%) are at least 30% below their own highs.
The key dates behind the chart.