How the BSE Indices Fared
As can be seen from the above table, while the S&P BSE Sensex has given a return of about 10 percent in the 25 quarters, Midcap and Smallcap indices have fared badly with a negative return of 28 and 47 percent respectively.
The rally in the Indian stock markets is led by large cap stocks--that too from stocks in FMCG, auto, healthcare and Information Technology stocks. The worst performing sectors are real estate, power, metal, PSU and capital goods sectors.
However, in the last few months, stocks in the capital goods and banking sectors are doing well while IT and healthcare stocks are lagging behind. The sector rotation is quite common in the markets. For the average investor, holding a portfolio of well-diversified stocks pays superior results in the long term of more than four to five years.
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