By Ankush Arora and Aditya Kalra
The BSE Sensex fell 1.3 percent in the week ending Dec. 13 after high retail inflation raised fears of a rate hike. Eight of 10 analysts in a poll on Friday said they expected the central bank to raise the repo rate by 25 basis points to try and tame stubbornly high inflation.
Before falling for four consecutive sessions from Tuesday, markets touched life highs on Monday. The BSE Sensex touched 21483.74 after sentiment on the street was boosted by the Bharatiya Janata Party’s win in three of five state elections.
However, profit-taking and the cautious outlook of investors before Thursday’s inflation data pushed shares lower, with the Sensex registering its worst weekly performance in nearly a month.
Here are the top five losers and gainers of the week:
BHEL: After rising for four consecutive weeks, shares of the power equipment company fell 9.6 percent in the week ending Dec. 13, making it the worst performer in the 30-share Sensex.
The stock has lost more than 30 percent this year, as compared to a drop of 9 percent in the BSE capital goods index. With such losses, the stock will end in negative territory for the fourth straight year.