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Top sector performers for 2007

Top sector performers for 2007

Indian equity market showed stupendous growth in 2007. The BSE Sensex gained 47%, added 6000 points during the year (from 14,000 to 20,000 levels). Among the sectoral indices, capital goods, metal, oil & gas and banking have outperformed the Sensex. However, FMCG, Healthcare, Teck and Auto have underperformed. IT was the only sector, which has given negative returns for the year.

The capital goods index has given maximum returns, as it gained 116%. In the sectors, Reliance Industrial Infrastructure was up by 291.14%, Triveni Engineering was up by 221.94%, Bharat Bijlee was up by 193.09% and L&T was up by 188.35%. The metal index has given second highest returns, it surged 115%. In the sector major steel stocks Jindal Steel & Power was up by 535.15%, JSW Steel was up by 236.99 and SAIL was up by 206.28%.

However, the laggard sector IT has given negative 13% returns. In the sector Tech Mahindra was down by 31.96%, I-Flex Solutions was down by 22.24%, Patni Computer was down by 21.50% and Infosys Technologies was down by 19.47%. Financial Technologies was the only stock which has given positive returns upto 36%.

The BSE small cap and madcap indices gained 82% and 62% respectively

BSE Sectoral Indices 29/12/2006 27/12/2007 Pts Chg % Chg
Capital Goods 9090.19 19642.26 10552.07 116.08
Metal 9039.63 19467.11 10427.48 115.35
Oil & Gas 6179.6 13123.03 6943.43 112.36
Consumer Durables 3574.32 6339.1 2764.78 77.35
Bankex 7085.73 11370.33 4284.6 60.47
FMCG 1934.17 2253.48 319.31 16.51
Healthcare 3792.05 4287.88 495.83 13.08
Teck 3650.63 3975.09 324.46 8.89
Auto 5518.5 5606.39 87.89 1.59
IT 5272.56 4569.14 -703.42 -13.34
Index 29/12/2006 27/12/2007 Pts Chg % Chg
BSE-Smallcap Index 6892.32 12628.74 5736.42 83.23
BSE-Midcap Index 5805.18 9428.86 3623.68 62.42
S&P CNX Nifty 3966.4 6081.5 2115.1 53.33
BSE Sensex 13786.91 20216.72 6429.81 46.64

By analyzing the entire ephemeris of year 2007, Ganesha feels that, this Big Bull occurred in its Natural Cycle only. Market moves in a cyclical wave. Starting from January 2007, Jupiter was in Scorpio in its first Dreshkaan. Jupiter is considered as Benefic Planet. On the other hand, Saturn has changed its Sign twice in a year, however Ketu is transiting in Bullish Sign. Saturn is also considered as planet of Bull. The huge profit has been taken from Metal and Oil sectors by investors due to the effects of Saturn’s transit. Market went on an all time high exactly during the close conjunction of Saturn-Ketu in Leo, feels Ganesha. Another big event occurred by Mars. Just like Sun, Mars bears a fiery character and helps in raising the market prices. It is an aggressive planet and is capable of installing any trend rather abruptly but such effects have a short run.

Major corrections are noted during the Aquarius (Infertile and Barren sign) rising Ascendant and Leo rising Ascendant. Ganesha has noted the magic during these corrections. During the Aquarius rising Ascendant Rahu was posited in the first house whereas during the Leo Rising Ascendant Ketu and Saturn were posited in first house.

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With Ganesha’s Grace,
Malav Bhatt,