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This article is more than 1 year old.

This year's major sectoral losers have witnessed significant gains in last two months

This year's major sectoral losers have witnessed significant gains in last two months
It was a tough year for sectoral indices, particularly auto and metal, until August. Over the last two months, however, the sectors were seen recovering with significant rallies.
Nifty Auto, for example, had declined 35 percent in a year to August owing to the sector's worst crisis in two decades. The index, however, has gained nearly 21 percent over the last two months on hopes of a good festive season.
Likewise, Nifty Financial Services and Nifty Metal, which also remained in the red for the year, have picked up on factors like positive Q2 earnings and progress in US-China trade talks.
In the last one month, Nifty Metal has rallied 15.01 percent, while Nifty Financial Services has gained 8.56 percent.
Nifty Realty is the only index that remained positive throughout, surging 9.37 percent in the last one month, 9.71 percent in the last three months and about 20 percent in the last year.
In fact, Edelweiss, in its report, said that the commercial realty space will continue to boom here onwards. The brokerage believes that ongoing consolidation in the space has ensured supply and demand moving in tandem.
Meanwhile, Reliance Research believes that improvement in the auto companies was on the back of strong volume performance across segments in October.
It also believes that the industry would see sequential improvement in H2FY20, though on YoY basis its performance would remain muted in FY20. There has been a sizeable improvement in footfalls in the past few days, while decent conversion of inquiry into sales was witnessed during festivals.
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