Nifty : Performance since High of 2008

Even though the NSE Nifty is far below the historical high of 2008 (6357), there is talk of Nifty surpassing the earlier high. 

Performances of individual scrips , in the Index, were mixed as shown the followings Charts. (Source: moneycontrol)

I shall be reviewing the over all performance of the Index as on 08/01/2008 & its constituents over the past five years.

Merger of SBI Subsidiaries in the SBI

Anticipation of the  merger of listed subsidiaries in the State Bank . as per 

http://www.moneycontrol.com/news/business/sbi-plans-merger5-associate-banksnext-12-18-months_525518.html

resulted in a sharp rises in S B Bikaner & S B Travancore by around 5%  today. Above is a concise fundamental sheet of the listed subsidiaries & their Parent Bank. As compared to gigantic Capital of Rs. 671 crores of State Bank, its subsidiaries are capitalised at a merely Rs. 70 & 50 crores respectively. However, both the 75 % subdidiary have quite impressive fundamentals such RONW at 
15 .65 % & 13.24 % compared to Parent's 15% and these are quite consistent over the many years.

https://excel.office.live.com/x/ExcelView.aspx?FBsrc=https%3A%2F%2Fwww.facebook.com%2Fdownload%2Ffile_preview.php%3Fid%3D152797311536116%26metadata&access_token=1835286898%3AAVJy0F0saO9hsTmh4K1tqNiqqkRb7Nv6FlkcWdTgf5M_5A&title=SBI_Subs_DS.xlsx  

I am expecting 30-40 shares SBI against 100 shares of SBBJ  & 45-55 shares SBI against 100 shares of SBT. However, these being GOI enterprises, the final valuations & ratio for merger are difficult to anticipate. One silver lining is that the RBI policy is consistent & should prove beneficially to the minority shareholders which includes the LIC besides the Government of Kerala (in case of SBT ).