Weekly roundup: Market gains for 3rd week in row; IT, pharma hog limelight

Tata Group firms, especially TCS, hogged attention after Chandrasekaran's promotion

The market rallied for the third consecutive week with the earnings season moving into full swing after IT giants Tata Consultancy Services (TCS) and Infosys reported their December quarter numbers. The mega event of the week – the elevation of TCS CEO N Chandrasekaran to the Tata Sons’ chairman post – shaved off significant gains in TCS stock, while unexpected surge in industrial production in November, and globally US President-elect Donald Trump’s first news conference after elections, hogged the limelight. 

During the week ended January 13, the S&P BSE Sensex added 1.8% or 479 points to settle at 27238, while