Bombay Stocks Bounce Back

The Sensex soars 2.5%, ending a three-day losing streak.
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Bombay stocks returned to the black in style Wednesday, jumping 2.5% to end a three-day losing streak.

The BSE Sensex added 292 points to close at 11,939. The gains put the index back within shouting distance of the 12,000 mark first cleared last week.

Major gainers on the index were

Maruti

, which shot up 6.5% after posting a strong quarter. Also gaining were

Cipla

, up 6%,

Tata Steel

, up 5%, and

Tata Motors

(TTM) - Get Report

, up 4.5%.

Losers on the index were engineering firm

Larsen & Toubro

, which fell 1.1%, and drug maker

Ranbaxy

, down 1%.

Godrej Consumer Products

fell 0.5% despite a 5% rise in quarterly earnings.

Colgate Palmolive India

slid 4% despite a 14% profit gain.

This story was created through a joint venture between TheStreet.com and IRIS.