This is how Nifty fared in January for the past 11 years

In these eleven years, average range for Nifty in January is about 640 points. The lowest range was in 2013 January. It was just 176 points. Highest range was in 2008 January when it was 1900+ points. Nifty declined by 16% and it was a black swan event.
2012 January was the best year  with a gain of 12.4%.

Winners of 2016 (NSE listed stocks)