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Market wrap: Check out the top Nifty gainers and losers this week

Market wrap: Check out the top Nifty gainers and losers this week

Market wrap: Check out the top Nifty gainers and losers this week
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By CNBC-TV18 Oct 12, 2018 5:10:59 PM IST (Published)

Here's a list of top gainers and losers from the Nifty this week

Indian shares jumped over 2 percent on Friday, the most since late May 2016, with a stronger rupee and an overnight fall in crude prices bringing some relief after the previous session's sharp sell-off.

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The benchmark BSE Sensex rose 2.15 percent to 34,733.58, and closed the week 1 percent higher. The broader NSE Nifty climbed 2.32 percent to 10,472.50, ending the week 1.5 percent higher.
Here's a list of top gainers and losers from the Nifty this week:
Nifty gainers this week:
HPCL: Public sector downstream company's shares gained more than 32 percent this week after crude oil prices receded from its recent highs. The government's statement on no control over pricing and clarity over LPG and Kerosene subsidy further boosted sentiment. At the close today, HPCL shares quoted at Rs 218.40, higher by 5.03 percent.
Yes Bank: Shares advanced nearly 20 percent this week as the lender appointed Korn Ferry, a management consulting firm, to help find a successor to CEO and MD Rana Kapoor. Settlement talks between sparring promoters also had a positive impact on sentiments. Yes bank quoted at Rs 246.45, settling higher by 2.6 percent today.
IOC: Another public sector downstream company surged 13.5 percent this week. IOC shares ended at Rs 133.90, up by 2.90 percent today.
Bajaj Finance: The consumer sector finance company's shares surged 13.05 percent on a weekly basis and also ended higher at Rs 2,287.35 today, up by 5.79 percent.
Eicher Motors: Auto stock ended as the top Nifty gainer today at Rs 23,903.80. For the week, it gained 12.8 percent.
Other major gainers were Kotak Mahindra Bank, Zee Entertainment, BPCL, Gail, Bajaj Finserv, Reliance Industries, Adani Ports, ONGC, Coal India among others, rising between 6 and 11 percent.
Nifty losers this week:
Tata Motors: The Tata Group auto stock erased 15 percent value, trading at Rs 183.75, marginally up at 0.44 at the close today.
HCL Technologies: The IT firm emerged as the second worst stock this week, falling more than 9 percent. It closed at Rs 985.15, down by 2.36 percent today.
TCS: India's largest software exporter's shares fell more than 3 percent today to Rs 1,918.30.
Vedanta: The mining major's stock fell 7.5 percent this week. Shares ended higher at Rs 214.30, gaining 3 percent today.
Infosys: Shares ended marginally higher at Rs 678.80. This week the IT firm declined by 6.32 percent.
IT, metals, pharma names mostly traded lower this week. Hindalco, Grasim, Tech Mahindra, Bharti Airtel, Wipro, Cipla, Sun Pharma were among other major laggards this week, declining between 1.2 and 5.95 percent.
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