NIFTY Drawdowns: The Fall Is Only Half the Story
Data checked 17 October 2026; observations through 16 October 2026.

Source: Yahoo Finance ^NSEI, via the author's stored daily-close cache and a yfinance refresh. These are secondary observations, not a direct NSE download.
Raw history starts 17 September 2007. Two absent Muhurat closes restored from contemporaneous reporting: 5 November 2010, 6312.45; 3 November 2013, 6317.35.
Correction sources: https://www.business-standard.com/article/markets/sensex-closes-at-all-time-high-but-mood-cautious-113103000656_1.html and https://www.business-standard.com/article/markets/mahurat-trade-nifty-ends-at-all-time-closing-high-113110300413_1.html
Full exchange-session completeness has not been established; no exhaustive frequency or fraction-of-days claim is made. The selected 2015, 2020 and 2021 episodes do not depend on the two corrected rows.

Drawdown = close / previous running closing peak - 1. A completed episode ends at the first observed close at or above that peak. Durations are calendar-day differences, not trading sessions. First regain is not a sustained breakout.
Annual 2020 return = final 2020 close / final 2019 close - 1. The ongoing 2026 episode has no observed recovery date; the eventual trough is unknown.
Historical drawdown charts use the price index, excluding reinvested dividends, fees, tax and inflation. Selected historical episodes are not future probabilities or guarantees. The arithmetic diagram is hypothetical.
The two SIP exhibits instead use the official dividend-inclusive Total Returns Index, excluding fees and tax. See sip-fd-methodology.txt for identical contribution dates, the assumed 7% effective annual deposit rate and the immediate revaluation assumptions.