By Aditya Kalra and Ankush Arora
The stock market adage ‘sell in May and go away‘ didn’t quite hold true for the Sensex this year, as the index ended in the green after falling for three consecutive years in May.
The Reserve Bank of India cut interest rates by 25 basis points this month and India saw its inflation figure ease below 5 percent. However, GDP data on May 31 came in line with expectations, damping hopes of further rate action.
Here are the top five gainers and losers of the month:
SUN PHARMA: With gains of 10 percent, the stock was the top Sensex performer in May. It touched an all-time high of 1,085.40 rupees on May 30 after the top drugmaker reported strong fourth quarter earnings and outlook.