Sectors that should make money in 2017
1 Jan 2017
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Metals, oil & gas and chemicals stocks stole the thunder in calendar year 2016 while IT, pharma and real estate ended up being laggards.
The index representing the metals & mining sector rose by 34 per cent while that for oil & gas sector surged 23 per cent as of data collated on December 23, 2016. The BSE Capital Goods index slipped 5.4 per cent while S&P BSE Consumer Durables index shed nearly 10 per cent.
The BSE Healthcare index was the biggest casualty of the year 2016, down over 14 per cent, followed by the BSE IT index, which plunged a little over 10 per cent while the BSE Realty index slipped nearly 8 per cent in the same period.
Analyst outlook for calendar 2017 is mostly positive, but the leaders of 2016 might not retain their leadership positions in the forthcoming year, analysts said. Hence, a shift in portfolio is required.
While some sectors such as IT and pharma will not be impacted by demonetisation, oil marketing firms, refiner and power and gas utilities are more likely to do better over the next 12 months, experts said.