By Aditya Karla and Sankalp Phartiyal
The BSE Sensex ended 2013 with gains of 9 percent after hitting life highs during the year. The benchmark index touched an all-time high of 21,483.74 on Dec. 9 after falling to a 2013 low of 17,448.71 in August.
Foreign inflows boosted sentiment on the street even as concerns about a slowing economy and high inflation weighed. Foreign institutional investors (FIIs) bought a net $20.1 billion worth of Indian shares in the year. FIIs had bought $24.5 billion worth of stocks in 2012.
The sharp fall in the rupee and recovering U.S and European economies boosted export-driven sectors, helping shares in many IT and pharma companies rank among the top Sensex performers.
India’s three IT majors — TCS, Infosys and Wipro — were among the best Sensex performers of 2013 while SBI, BHEL and Coal India were the top losers.
Here is a list of gainers and losers of 2013:
TATA CONSULTANCY SERVICES (TCS): Shares of India’s top software services provider ended 2013 with smart gains. The stock surged almost 73 percent this year, outperforming the BSE IT index which gained 60 percent. Weakness in the rupee – which touched life lows and fell to nearly 70 before recovering — and an improving demand scenario aided sentiment.