Hit by weakness in the global commodities market,the BSE8217;s metal index has emerged as the worst performer among the 13 sectoral indices by plunging over 17 per cent in the current fiscal,so far.
According to the study of the Bombay Stock Exchange8217;s 13 sectoral indices from April 1,2010 till June 18,metal stocks gave a negative return of 17.53 per cent to end the trade at 14,822.21 points on Friday,last week.
8220;The crisis in the euro zone has led to fall in demand of metals in the international commodities markets,which also impacted the domestic prices,8221; SMC Capitals Equity Head Jagannathan Thunuguntla said.
Among metal stocks Tata Steel plunged 25 per cent,Hindalco Industries 20 per cent and Sterlite Industries 19.92 per cent.
Besides,BSE realty index followed suit by falling nearly six per cent during the period to settle at 3,081.68 points.
Talking about the return given by realty sector Thunuguntla added,8221;The sector performs vis-a-vis the broader market. Realty usually underperforms the Sensex during the fall and outperforms when the market rises.8221;
The realty stocks,which plummeted,include DLF down 8.56 per cent,HDIL 15.33 per cent and Unitech 3.95 per cent.
Meanwhile,other 11 sectoral indices,including FMCG,Oilamp;Gas,PSU,Health Care and Power,gave a positive return of as much as 10 per cent during the reviewed period.
The sectors,which gave healthy returns were FMCG 10.15 per cent,Auto 6.05 per cent,Health Care 5.15 per cent,Consumer Durables 3.33 per cent,Teck 0.30 per cent,Bankex 2.13 per cent,IT 3.12 per cent,Oil 1.31 per cent,PSU 1.83 per cent,Power 0.58 per cent.