2007 - The year of crazy bull run : MoneyControl

2007: The year of crazy bull run



The year 2007 was outstanding for Indian equity markets as both the benchmark indices Sensex and Nifty conquered new peak with hefty gains -----47% and 53% respectively for the period December 29, 2006 -December 30, 2007. The BSE Sensex added six thousand points during the year, which was better than the five thousand points it added in 2005.

FIIs Flows

The Foreign Institutional Investors (FIIs) have also shown enormous interest in the Indian markets by making record investment of USD 17 billion in a single year. FII investment of USD 10.7 billion in 2005 was the previous high.

Sectoral Indices

Sectorally, BSE metal, capital goods, oil & gas, consumer durable and bankex have outperformed the Sensex. However, FMCG, healthcare and auto sectors remained underperformers. IT was the only sector that has given negative return for the year.

Top 2007 F&O Stocks:
In the F&O segment, a few stocks gave hefty returns. Stocks like RNRL gained over 700%, Ispat Industries surged over 600%, IFCI, Jindal Steel & Power and Nagarjuna Fertilisers & Chemicals rose over 500% in one year.


Reliance pack Chg (%) in 2007

Notably, the Reliance pack offered great returns to its shareholders. ADAG stocks like RNRL rose 600%, Reliance Capital increased 326% and Reliance Energy shot up 311%. On other hand, Reliance stocks belonging to Mukesh Ambani--- like Reliance Infra , RPL and Reliance Industries surged 300%, 249% and 128%, respectively for the year.


Wealth Creator and Destroyer
There were few astonishing wealth creator stocks for the year. MMTC gained over Rs 135752 crore, Cals Rs 6902 crore and Jindal South West soared Rs 2324 crore. However, there were few stocks which were wealth destroyer like Hexaware Tech (lost Rs 1463 crore), Atlanta (lost 1089 crore ) and Subex (lost 1122 crore.)


Non-Index Gainers in 2007
From the non-index pack, some stocks, especially from steel and oil, have given phenomenal returns. From the steel pack, stocks like Ispat Industries has given a return of over 630% in one-year. Jindal Steel has gained over 530%.
Essar Oil, from the oil refinery space, has done phenomenally well giving a return of almost 460%; Neyveli Lignite gained 338%; and GMR Infra, which is in the construction space, is up about 240% in the non-index space.


Large/Non-Index Losers in 2007
Among the non-index losers in the tech space, Tech Mahindra lost almost 32% over the last one year. i-Flex lost about 22% of its market share while Infosys lost about 19%, and TCS 10%.
Tata Motors lost about 18% from the auto space. Cipla was down about 14%. From the construction space, stocks like Sobha Developers has seen about 10% reduction. Ultratech from the cement space lost about 10%.

Large Cap Change in 2007


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