Year ending Markets end weak on last day of 2008

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HAPPY NEW YEAR!! 2009

Markets closed weak on the last trading day of 2008. Selling pressure was seen in banks, oil & gas and realty stocks. However, some buying was witnessed in capital goods, auto and metal stocks. Throughout the day, the Nifty was rangebound between the 2,950 and 3,000 mark.

2008: It was worst yearly performance by Indian markets and Sensex, Nifty end down nearly 50%. 48 out of 50 Nifty stocks posted negative returns. Worst performing sectors were realty, metal & capital goods; it were down 80%, 74% and 65% respectively.

The Sensex closed down 68.85 points or 0.71% at 9647.31, and the Nifty was down 20.35 points or 0.68% at 2959.15.

Year-end snapshot

Worst Yearly Performance By Indian Markets

Sensex, Nifty End Down Nearly 50%; Bse Dollex Down 60%

Cnx Midcap Down 60%, Bse Small Cap Down 73%, Nifty Junior Down 64%

48 Out Of 50 Nifty Stocks Posted Negative Returns

2008 Winners: HUL up 18%, Hero Honda up 16%, GSK Pharma up 12%

Worst performing sector: Realty, Metal & Cap Goods

BSE Realty Index down 80%; Unitech down 90%, DLF down 72%

BSE Metal Index down 74%; Tata Steel down 77%, Sterlite, Hindalco down 74%, SAIL down 72%

BSE cap Goods Index down 65%; ABB down 70%, L&T down 63%, BHEL down 47%

BSE oil & Gas Index down 55%; RIL down 57%, ONGC down 46%, RPL down 60%

BSE Healthcare Index down 33%; Sun Pharma down 12%, Cipla down 13%

BSE Fmcg Index down 14%; HUL up 18%; ITC down 18%

Index losers; Suzlon down 84%, Tata Mot down 78%, Rel Infra down 73%

Midcap and Small-cap

Midcap losers: Nearly 50% of NSE listed stock lose 70% or more in 2008

Midcap Realty Losers; Orbit Corp, Jai Corp down 92%, IVR Prime, Parsvnath, Sobha down 90%

Small-cap losers: Asian Elec, Prime Sec down 95%, Pyramid Saimira down 92%

Midcap losers; Adlabs, Aban, Ibulls Fin, India Info down 87%

Fund Flows

Biggest outflows seen by FIIs on record

FIIs net outflow at $13 bn, which is nearly 20% of inflows seen ever in India

DIIs net inflow at Rs 72,500 cr, out of which MFs put in Rs 13,000 cr

INR depreciates ~19% against US dollar

Crude oil tumbles nearly 60% YTD, 73% from year high