We studied the response of the ionosphere (F region) in the Brazilian sector during extreme space weather event of 17 March 2015 using a large network of 102 GPS‐ total electron content (TEC) stations. It is observed that the vertical total electron content (VTEC) was severely disturbed during the storm main and recovery phases. A wavelike oscillation with three peaks was observed in the TEC diurnal variation from equator to low latitudes during the storm main phase on 17–18 March 2015. The latitudinal extent of the wavelike oscillation peaks decreased from the beginning of the main phase toward the recovery phase. The first peak extended from beyond 0°S to 30°S, the second occurred from 6°S to 25°S, whereas the third diurnal peaks was confined from 13°S to 25°S. In addition, a strong negative phase in VTEC variations was observed during the recovery phase on 18–19 March 2015. This ionospheric negative phase was stronger at low latitudes than in the equatorial region. Also, two latitudinal chains of GPS‐TEC stations from equatorial region to low latitudes in the east and west Brazilian sectors are used to investigate the storm time behavior of the equatorial ionization anomaly (EIA) in the east and west Brazilian sectors. We observed an anomalous behavior in EIA caused by the wavelike oscillations during the storm main phase on 17 March, and suppression of the EIA, resulting from the negative phase in VTEC, in the storm recovery phase. Key Points The 17 March 2015 St. Patrick´s day geomagnetic storm Extreme ionospheric space weather event over the Brazilian sector Anomalous behavior in EIA during main phase and recovery phases