Indian equity market showed stupendous growth in 2007. The BSE Sensex gained 47%, added 6000 points during the year (from 14,000 to 20,000 levels). Among the sectoral indices, capital goods, metal, oil & gas and banking have outperformed the Sensex. However, FMCG, Healthcare, Teck and Auto have  underperformed. IT was the only sector, which has given negative returns for the year.

The capital goods index has given maximum returns, it gained 116%. In the sector Reliance Industrial Infrastructure up 291.14%, Triveni Engineering up 221.94%, Bharat Bijlee up 193.09% and L&T up 188.35%.

The metal index has given second highest returns, it surged 115%. In the sector major steel stocks Jindal Steel & Power was up 535.15%, JSW Steel up 236.99 and SAIL up 206.28%.

However, the laggard sector IT has given negative 13% returns. In the sector Tech Mahindra was down 31.96%, I-Flex Solutions down 22.24%, Patni Computer down 21.50% and Infosys Technologies down 19.47%. Financial Technologies was only stock which has given positive returns up 36%.

The BSE smallcap and midcap indices gained 82% and 62% respectively