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Markets are going through a rough phase hit by bad news since January 2008. First it was subprime crisis in US, which hammered banks heavily across the globe. Second was rupee appreciation, which continues for this year as well, technology and textile stocks knocked down. Third, Inflation, which crossed 6% mark again last week, which is above the RBI’s targeted 5% level. Due th which, chances of rate cut are far away, experts believe that RBI might even hike the CRR. Fourth, crude crossed USD 100 mark (touched USD 109 per barrel).

Due to this markets have seen a steep fall; the string of negative news has pulled down the Sensex below 15000 mark and Nifty below 4800.

Though the last two and half months were very weak period for the markets but overall financial year 2007-08 has been strong year. In the financial year 2007-08, Sensex surged 19% and Nifty up 23.2%.

CNX Midcap is the biggest gainer, up 28%, BSE Small Cap Index up 21%.

Amongst indices, BSE IT Index fell 28% followed by BSE Auto Index, which ws down 7.7%.

BSE Metal Index shot up by 64%, BSE Oil & Gas up 55% and BSE Cap Goods up 53%.

Reliance Energy is the top gainer, up 152%, JP Associates up 110% and L&T up 87% while TCS top loser, down 34%, Infosys down 29% and Wipro down 24%.

Name	1-Apr-07	31-Mar-08	% Gain / Loss
Reliance Energy	495.15	1251.15	152.68
Jaiprakash Associates	107.74	226.6	110.32
Larsen and Toubro	1619.15	3024.8	86.81
Bharat Heavy Electricals	1130.38	2056.55	81.93
Tata Steel	397.36	693.15	74.44
State Bank of India	936.8	1598.85	70.67
Reliance Industries	1368.35	2264.5	65.49
HDFC	1520.35	2383.75	56.79
HDFC Bank	949.4	1319.95	39.03
ITC	150.4	206.35	37.20
NTPC	149.75	197	31.55
Hindalco Industries	130.3	164.75	26.44
Ranbaxy Laboratories	352.6	438.75	24.43
Grasim Industries	2091.25	2574.7	23.12
Reliance Communications	420	508.3	21.02
Ambuja Cements	106.7	121.05	13.45
ACC	734.65	826.1	12.45
ONGC	878.15	981.35	11.75
Hindustan Unilever	205.25	228.7	11.43
Bharti Airtel	763.2	826.1	8.24
Maruti Suzuki India	819.7	829.55	1.20
Cipla	235.7	219.75	-6.77
ICICI Bank	853.1	770.1	-9.73
Mahindra and Mahindra	780.15	695.65	-10.83
Tata Motors	727.75	623.45	-14.33
Satyam Computer Services	470.1	394.55	-16.07
Wipro	558.35	425.3	-23.83
Infosys Technologies	2012.6	1430.15	-28.94
Tata Consultancy Services	1231.2	810.9	-34.14

On the primary front, 86 stocks have listed in the financial year, more than 55% stocks are below their respective issue prices while the rest are above the issue price.

Amongst biggest name, Omaxe is down 33% and Edelweiss Capital slipped nearly 2%. However, Power Grid Corporation rose 88% above issue price, Mundra Port up 31%, DLF up 23% and REC up just 1%.

Four stocks are up more than 300% since listing. MIC Electronics is the top gainer with gain of 380.5% followed by Orbit Corp and Everonn Systems, which up 377.91% and 319%, respectively. However, IVR Prime, Porwal Auto and Manaksia are the top losers, down more than 63%.

Source: Moneycontrol.com