The year that was...

So, which were the sectors that lost momentum in CY16? Realty and IT were the only two sectors that lost over Rs.25,000 crore in market cap even as three sectors (power, consumer durables and capital goods) just about managed to stay in the green by collectively gaining over Rs.15,000 crore in market cap compared with Rs.121,848 crore for the benchmark index. Though in percentage terms, all the four indices —power, durables, cap goods and the Sensex — gained between 1% and 3% in market cap. While the sudden demonetisation move in November, hit realty the most, FMCG, auto and bank sectors have thus far managed to stay in the positive. The three sectors added over Rs.3 lakh crore with FMCG sector gaining over Rs.1.6 lakh crore. During the year, six sectoral indices collectively gained over Rs.7 lakh crore in market cap. The upswing in commodity prices globally saw the metal and oil sectors ending up as the biggest gainers of the year. Will the pecking order change in CY17? The answer to that is a good 12 months away.