March F&O Series: Nifty 50 falls over 400 points to mark worst series since September

The Nifty 50 index managed to hold on to the 17,000 mark at the close of the March F&O series courtesy a recovery from the day's low in index heavyweight Reliance Industries and some inflows in the final 30 minutes owing to the index rebalancing.

However, the gains on Wednesday were not enough to prevent another negative F&O series for the index. The Nifty fell 431 points in the March series, registering its fourth straight negative F&O series. The last time the index registered four back-to-back negative series' was between November 2021 - February 2022.

The 400-point drop also meant that the Nifty 50 had its worst F&O series since September last year, during which the index had declined over 700 points.