Though the index has gone down by 15% in 2015 but there are few sectors which did very well. Picking up average of top performing 4-6 microcap and small cap in each sectors of the I get returns which look roughly like this. It’s true each sector will have winners and losers but I kind of follow this instead of traditional index because as a value picker you are supposed to spot atleast some of these. Sugar = 70%(only due to a recent surge in October) LCV&HCV = 70% Glass = 90% Packaging = 90% Aquaculture= 100% Cable= 100% Shipping = 100% Dyes & Pigments = 130% Ceramic/Marble/Granite/Sanitare= 140% Telecom Infrastructure = 150% Jewelley = 160% IT Hardware = 170% Textile/cotton spinning= 200% Breweries = 200 % Plastic = 200 % Rice = 200% Pharma = 400% Few disappointing sectors of 2015 in-spite of doing well in 2014: Courier and logistics Auto Ancillaries Castings & Forgings 2-weelers HomeLoan Cement Construction Paints & Varnishes agrochemical Few sectors I feel are likely to do well in 2016: agrochemical construction cement HomeLoan LCV&HCV