As far as the other major indices are concerned, CnxIT gained about 58%, whereas the BankNifty lost about 9% and the Cnx Midcap index lost about 5%. Despite the sensex gaining 9% for the year there were many stocks which have lost 95% and some stocks gaining about 10-200%, most of them from the Information and Technology sector.
During the year the index hit an all-time high of 24483 and despite markets hitting all time highs only a few stocks made all-time highs or the highs which were made in 2008 bull run, while most of them are still languishing well below their historical highs. The message for retail investors is clear - index investing is better than individual stocks. Individual or Retail investors can achieve above-average returns by investing in index through Exchange Traded Funds (ETFs) like Nifty Bees or Top mutual funds, which have given consistent returns over longer term.
Be a wise investor !
