You don't have to scan every single stock to find out which industries are leading
the market. Each day, StockAxis.com's top industry groups, found in the Market Analysis
section, lists the top 5 industry group out of over 250 different industry groups
by analyzing the price performance of all stocks in each group over the latest six
months. This is a realistic period in which to observe market trends.
Why over 250 industry groups? Because the Indian economy is fragmented, and industries
tend to spawn related businesses that become industries in their own right. Take
the computer sector, for instance. It's not just PC makers. There's also Computer-Graphics,
Computer-Education, Computer-Hardware, Computer-Peripheral Equipment, Computer-Services,
and Computer-Software, which itself is divided into large, medium and small enterprises.
More specific industry classifications make it easier to pinpoint specific areas
leading or falling behind.