Back to where it started?

Sensex has climbed back to the level BC (or BL i.e. Before Lehman). It was almost at this very level at the end of 8 August 2008. But the sectors and other stocks haven't done the same. Here is the list of under/outperformers:

Index	Performance relative to Sensex from 8 August 2008
BSEAUTO	+24
BSEPSU	+18
POWER	+10
BSEBANKEX	+9
BSECG	+5
BSEOILGAS	+3
BSE500	-2.5
BSEMETAL	-7
BSEMIDCAP	-11
DOL30	-11
TECK	-13
BSEHC	-15
BSEIT	-16
BSECD	-25
BSEREALTY	-34

What about individual stocks. See the table below:

Stock	Performance relative to Sensex from 8 August 2008
MARUTI	+60
M&M	+36
ACC	+35
BHEL	+25
HDFC BANK	+20
NTPC	+20
GRASIM	+16
JP ASSOCIATES	+16
RINFRA	+14
STERLITE	+12
LARSEN	+12
TATA POWER	+11
SBI	+7
ONGC	+6
HUL	+6
RELIANCE	+5
ITC	+3
INFOSYS	+3
ICICIBANK	+2
BHARTI	-2
WIPRO	-6
HDFC	-9
SUN PHARMA	-9
TCS	-9
TATA MOTORS	-20
RCOM	-25
HINDALCO	-30
TATA STEEL	-30
DLF	-33
RANBAXY	-44

Surprisingly, 19 out of 30 stocks has outperformed the Sensex, i.e. 63.33%. Thus chances of making money even at 15K last year was very good provided you thought contrarion. Nobody was buying auto in 2008 but it has been a stunner. Can the history repeat? I doubt about it. Investors who were hiding behind FMCG, Pharma and IT also has not been able to beat the index with a huge margin.