The BSE Sensex rose 3 percent during the week, ending in the green for four of the five trading sessions. Improved guidance from Infosys, hopes of a U.S. deal to avoid a default on its debt and the RBI’s decision to cut a key overnight interest rate helped sentiment.
The rupee ended at 61.07/08 per dollar, helped by good dollar sales by corporates and as emerging currencies rose with risk sentiment improving.
Here are the top gainers and losers of the week:
TATA MOTORS: Shares in India’s largest automaker by revenue rose 10.12 percent this week, ensuring its place as the top Sensex gainer. Tata Motors surged to a life high of 389.50 after its unit Jaguar Land Rover said in a statement that its September retail sales were up 17 percent.
The stock has gained 23.3 percent so far this year. Of the 53 analysts covering the stock, 46 have a buy or equivalent rating, Thomson Reuters data shows.