However, a weak rupee continued to dampen sentiment as the unit ended the week below 60 to the dollar, adding to concerns about India’s current account deficit.
Here are the top five Sensex gainers and losers of the week:
ITC: India’s largest cigarette maker rose 5.5 percent this week, making it the best Sensex performer, boosted by a hike in cigarette prices and value buying after its recent underperformance in June.
The company, which makes four out of every five cigarettes sold in India, raised the price of its Gold Flake Regular Filter cigarettes by 4 rupees for a pack of 10 sticks. The pack will now cost 59 rupees. The price of a pack of Gold Flake Premium Filter cigarettes was raised to 58 rupees per pack.
UBS said the price increase will not affect volumes but could push consumers to upgrade to Gold Flake Kings cigarettes as the price difference reduces.