Top 5 Sensex gainers and losers this week

Indian markets ended higher for a fourth straight week. The Sensex gained 0.5 per cent while the Nifty advanced 0.4 per cent through the week. Markets started the holiday-curtailed week on a strong note, rising to a five-month high on Tuesday. With global cues turning negative, markets saw range bound activity over the next three sessions.The Nifty index failed to hold on to the 5,400 mark, which will be seen as a key negative for bulls. Independent analyst Sarvendra Srivastava said that 5,341 remains the crucial reversal level for the Nifty, below which the outlook on markets would turn negative.Global markets, which saw a sharp run up earlier this month, fell sharply as hopes of a co-ordinated central bank action in the US and Eurozone faded. A contraction in Chinese manufacturing activity adversely hit sentiments.Here are the top five gainers:1) Coal India (up 4.7 per cent): The state-run miner proposed to buy back shares in its 2011-12 annual report. Coal India will issue the proposal to shareholders during its Annual General Meeting on September 18.2) Infosys (up 4 per cent): The stock gained after a US court dismissed harassment charges filed by a US employee, ending worries about a case that had recently pressured shares of the software service exporter.3) Tata Consultancy Services (up 3.6 per cent): Hopes for Federal Reserve monetary stimulus drove IT stocks this week. A surge in liquidity in the US, the biggest market for Indian IT firms, will lead to a rise in discretionary spend.4) Cipla (up 3.4 per cent): The drug maker gained on the back of positive management commentary at the company's annual general meeting. Cipla's management has guided for 12-15 per cent sales growth in FY13. 5) HUL (up 3.3 per cent): Credit Suisse initiated coverage of Indian consumer staple companies with "outperform" ratings, saying price-to-earnings premiums are "high", but "far from the peak", while adding earnings growth are "steady." The NSE's fast moving consumer goods sector has surged 30 percent so far this year, versus a 17.5 percent gain in the broader NSE index..Here are the top five losers:.1) Bharti Airtel (down 5.4 per cent): shares in India's biggest mobile phone carrier (by subscribers) fell to a four-year low on the back of a string of downgrades.2) Reliance Industries (down 4 per cent): Investors booked profits on worries the recent rally in the shares was not justified given concerns refining margins could come under pressure, especially as crude prices gain.3) Hindalco (down 2.6 per cent): CAG report on coal named Hindalco as a beneficiary. Domestic operations saw declining volumes and profitability in the June quarter though Novelis reported a rise in first quarter earnings.4) L&T: (down 2.2 per cent):5) Tata Steel (down 1.8 per cent): CAG report on coal named Tata Steel as a beneficiary..(With inputs from Thomson Reuters)

Top 5 Sensex gainers and losers this week

Shares of Industrial Finance Corporation of India (IFCI) plunged on Friday after the government exercised the option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI, told NDTV Profit that the

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