Weekly Stocks Update: Top Gainers and Losers for the Week Ended 24 January

Indian stock markets had a volatile run last week as the effect of weak global cues and mixed quarterly earnings came into play. For the week ended 24 January, the benchmark BSE Sensex dropped 0.79% to 41,613, while the Nifty shed 0.84% to 12,248. Here’s a look at the top five gainers and losers among the Nifty stocks: TOP GAINERS Bharti Infratel: Bharti Infratel Ltd shares surged 12% this week after the central government asked the Department of Telecommunications to not take any coercive action against telecom companies for non-payment of adjusted gross revenue (AGR) dues until further court orders. Yes Bank: Yes Bank Ltd shares climbed 9% during the week after State Bank of India (SBI) chairman Rajnish Kumar said that the bank was too big to be allowed to fail and it was certain that some solutions would emerge to help the troubled lender. Grasim Industries: Grasim Industries Ltd shares were up 7% for the week on the back of positive news for the telecom sector as the company holds 11.55% stake in Vodafone Idea Ltd. Bharti Airtel: Bharti Airtel Ltd shares jumped 4.8% this week after the government approved up to 100% foreign direct investment (FDI) in… Read full this story

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