IT, auto, pharma stocks miss out this time
The stock market has scaled unprecedented heights this year; the bellwether BSE Sensex has shot up from 14,000 to 19,000 in 10 months.
But not all the 30 stocks that comprise the Sensex have joined the party on the bourses this year.
While infrastructure, capital goods and financial sector stocks have come good— an outcome of 9 per cent-plus GDP growth rate this year—those from the IT, auto and pharma sectors have failed to shine largely due to concerns over the rising rupee and higher interest rates and their impact on company bottom lines.
