General
Bombay Stocks Bounce Back
TSC and IRIS Staff
07/24/06 - 09:27 AM EDT
BOMBAY -- Bombay stocks rose 1.3% Monday, bouncing back from last week's declines.
The BSE Sensex rose 129.46 points to close at 10,215.37, led by heavy buying in banking stocks.
Gainers on Monday were ICICI Bank(IBN Quote), up 6.2%, Wipro(WIT Quote), ahead by 4.7%, and
Satyam(SAY Quote), up 3.9%.
ICICI Bank said its first-quarter earnings rose 17%, led by rise in retail loans.
Among declining stocks, Cipla dropped 2%, ITC lost 1.7% and Hindalco fell 1.4%.
Vijaya Bank gained 5.7% after it reported a 163% rise in its first-quarter profit.