Bombay Stocks Close Higher

Dr. Reddy's surges.
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Stocks in Bombay were volatile Thusday, with the BSE Sensex opening at around 10133.42 and touching an intraday high of 10195.42, before closing at 10124.30, up by 11.12 points.

The top gainer on the BSE Sensex was

Dr Reddy"s

(RDY) - Get Report

, India's third-biggest drugmaker, up 9.38% to close at Rs 1281.95 on news that the company has acquired betapharm group for euro 480 million.

Ranbaxy

, a generic pharmaceutical company in the race for the same acquisition, was down 3.31% at Rs 431.85.

The other gainers on the Sensex were

Tata Motors

(TTM) - Get Report

, India"s top vehicle maker, which was up by 4.06% to close at Rs 800.10; and

Hero Honda

, the motorcycle maker, which gained 3.30% to close at Rs 922.15.

Auto companies were in the limelight today.

Tata Motors

gained more than 3%, while

Maruti

, India"s largest automobile company, was up 1.56%.

Construction company

Gammon India

gained 3% on news that the company has secured four projects from National Highways Authority of India and National Hydroelectric Power Corp. worth Rs 1,0047 million.

Raymond

, a leading textile and apparel company, gained 1.46% on reports that it is planning to merge its denim business with that of UCO NV of Belgium to create a global denim company.

Mahindra and Mahindra

, India's top utility vehicle maker, gained 4% on the news that the company will enter Spain and Portugal in May with the Scorpio, which will be sold as Mahindra Goa, and Bolero.

NIIT Technologies

, a diversified IT services company, gained 3.19% on reports that it has launched its managed services business to address the rapidly expanding remote infrastructure management opportunity.

Losers on the BSE Sensex included

ITC

, a cigarette manufacturing company, which fell 2.29%; and

Hindalco

, the nation's largest aluminium maker, which slipped 1.90%.

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