homephotos Newsmarket Newsstocks NewsHere are the Nifty50 sectoral indices that surged up to 7% this year

Here are the Nifty50 sectoral indices that surged up to 7% this year

SUMMARY

The year 2019 remained a painful year for most sectors due to the US-China tariff war, and this year, it's still the same as coronavirus has single-handedly turned the sentiment of all the global markets to sour. Despite all the concerns, there are sectors that have reported gains so far including Nifty Realty, Nifty IT and Nifty Pharma amongst others. Here's a list of sectors that have reported gains/losses so far this year:

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By Mousumi Paul  Feb 11, 2020 2:30:20 PM IST (Published)

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real estate
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Nifty Realty index since January 1, 2020, has surged over 7 percent in hopes of major government reforms to ease the liquidity crisis. Prior to union budget 2020, the index rallied up to 8 percent, and on February 1, the index slumped up to 8.16 percent during the day. (Image for representational purpose)

tax stocks
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Nifty IT stands as the next most profitable sector that jumped 5.13 percent year-to-date (YTD). On January 1, the index was above its 200-DMA, and since then, it has continued its way upwards and is still trading higher. (Image: Shutterstock)

Import duty on Saudi Arabia, China
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Nifty Pharma rose nearly 4 percent year-to-date (YTD) after US FDA inspections slowed down. Furthermore, pharma companies this third-quarter reported expected earnings. The shift of focus from generic drugs to speciality drugs has affected the pharma companies' positively. (Image: Reuters)

CNBCTV18
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Nifty FMCG has risen 2.21 percent this year despite demand slowdown and decline in volume growth this quarter. The index gains came on the back of Tata Global Beverages, UBL, Jubilant Foodworks and Godrej Industries. (Image: Reuters)

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Nifty Media rose only 1.67 percent due to heavy volatile trade in Zee Entertainment and Zee Media. The gains in the sector were supported by Inox Leisure, TV18 Broadcast, Network 18 and Sun TV. (Image for representational purpose)

Rupee
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Nifty Financial Services this year has traded 0.32 percent higher despite pressure from the PSUs. No major announcement on the income tax has also dampened the sentiment amongst banks and financial institutions. (Image: Shutterstock)

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Nifty Bank slipped 2.26 percent after the index witnessed short covering by the foreign investors. Also, increased NPAs this quarter has resulted in a slowdown in the sector. However, a recent credit boost and unchanged repo rate will reverse the trend and some gains to the index.  (Image: Reuters)

Cars are seen parked at Maruti Suzuki's plant at Manesar
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Nifty Auto plunged the most along with Nifty FMCG last year. However, this year, it has slipped 3.54 percent post-earnings and declining sales numbers. All auto companies traded negatively in January after SIAM data confirmed the persistence of weakness in the sector.  (Stock Image)

CNBCTV18
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Nifty Metal plunged the most, by 4.34 percent after coronavirus outbreak turned ever global market's sentiment sour. With increasing deaths, the metal index is also slipping as it imports raw materials from China. With the current precarious state in the country, all forms of exports/imports have been stopped which is bad for the metal stocks. (Image: Reuters)

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