The BSE Sensex posted a third consecutive weekly fall, closing nearly 1 percent lower amid persisting worries over the slowdown in foreign investors’ buying into Indian shares.
Data shows FIIs sold shares worth $9.5 million on Thursday, snapping a 32-day buying streak as minutes from the last U.S. Federal Reserve meeting showed a decision on tapering its bond-buying programme may be taken at one of its next few meetings.
In the coming week, investors will keep an eye on July-September GDP data and fiscal deficit numbers for the April-October period. Here are the top Sensex losers and gainers of the week:
SESA STERLITE: Shares in the Vedanta unit closed 8.7 percent down this week making it the worst Sensex performer. It was the third consecutive week of losses for Sesa Sterlite.
On Nov. 12, the Supreme Court maintained a 14-month ban on iron ore mining in top producing state Goa. Sesa Sterlite, which is India’s leading private-sector mining firm, would be the biggest beneficiary if mining resumed in Goa.