In terms of the day when the markets were at their lowest in the last one year, the 10TH. Of December 2018 and the 22nd of August 2019 have been the black days. On the 10th. Of December last year, the narrow index as well as the broad index saw its worst point. But that is nearly a year back. From there on till yesterday (24.11.2019), the recovery has been quite good — nearly 17% for the Sensex and a little less for the BSE 200. However if we looking for a day when the markets really felt the blow in its solar plexus, it is the 22nd. Of August. Of the 16 indices that I have tracked over this time, 6 of them had their worst day on the 22nd. Of August —-just a couple of months back. So obviously the exposure to stocks that made up these sectors are lagging those that have seen their lows nearly a year back.
Even more telling is the rebound. From just two months back, where the Auto sector was at its lowest one year, the growth in the last 60days is a staggering 20% and the Oil and gas sector which saw its lowest point in late August, the rebound has been more than 21%. BUT, the growth of the participants making up these two are very very varied.
So to sum up, the movements of nearly all the constituents (except FMCG, Tech and Capital Goods) have been stellar. If your fund had exposure to the leaders in the other segments then they are returning very encouraging returns. For the funds that have been invested in the frontline stocks of the major sectors they would have made money. But for a sector pick – Oil & Gas, Realty, Banks and Auto are the clear winners.