The benchmark index of the Bombay Stock Exchange, the Sensex, appears to be heading for its worst fiscal in the past five years with the 951-point fall today dragging its year-to-date gain to just about 13%.The Sensex closed at 14,809.49 points at the end of today's trading, which saw an intra-day loss of 1,022 points. This represents a gain of only 13.3% over its level at the close of last fiscal ended March 31, 2007.Analysts believe there is no immediate signs of recovery as global cues continue to worsen each passing day. There are less than 10 days of trading left in the current fiscal, which ends on March 31, 2008.An analysis of price movements since the beginning of the current fiscal shows that close to 1,000 shares are currently trading at levels below where they ended for the last fiscal. However, close to 1,500 stocks are still maintaining a gain for the fiscal. As many as 125 stocks dropped to their all-time lowest levels today.The Sensex had gained over 15% in 2006-07 after the nearly 74% gain in FY06, 16% in FY05 and 83% in FY04.
