StatsGuru: A closer look at the performance of India's stock markets

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In StatsGuru's final instalment this year, the performance of India's stock market is examined. It has, as Table 1 shows, outperformed its peers for most of the year - though Shanghai put in a very strong finish to overtake the Indian indices in the last few weeks.

As Table 2 shows, there have been major changes within the indices as well. Infotech and fast-moving consumer goods have not gained as much as consumer durables and capital goods.

As shown in Table 3, some sectors have become sharply more expensive, such as power. Fast-moving consumer goods end 2014 with a particularly high P-E. Note that while mid-cap companies are more expensive, small-caps are markedly cheaper.

Table 4 reveals that many of the biggest gainers over 2014 are banks. The losers are big steel and infra companies. Those that have most out- and under-performed their sectors are shown in Table 5; Tata Motors stands out as an underperformer among auto companies.