Sector Watch for year 2007

The Sensex has scaled 17k today and attained a peak of 17073.87, before cooling off. Reliance Industries contributed 256 points, Bharti 99 points, L&T 79 points and ICICI 67 points to the recent rally. The Sensex has achieved two major milestones of 15k and 16k this year. 15k mark was achieved on July 6, while 16k on Sep 19. While the 14k-15k mark was achieved in 144 days, the 15k-16k took just 53 days. But the last lap of 1,000 points to 17k was truly breath-taking and 16k-17k was achieved in just 6 days.

At the start of this year, the Sensex was at 13800 levels and it has gained almost 23% since the starting of the calendar year. Among the major indices, Capital Goods index has risen the most-by 61.21%. The Oil & Gas and Metal indices were also star performers rising 56% and 45% respectively.

Amongst the underperformers, the IT index is down 14.62% since the start of the year. An appreciating rupee has taken a toll on the IT stocks. The Auto and Healthcare indices are also losers, down 5.5% and 2.7% respectively. The FMCG index also has risen only 10%.
Source : Moneycontrol

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