Bombay Stocks Close Higher
Indian stocks rose Tuesday as drugmaker
Dr. Reddy's
(RDY) - Get Report
surged.
The BSE Sensex rose 0.88% to 10,168 on gains in auto, pharma and engineering stocks. The NSE Nifty closed at 3036, up 1%.
The major gainers on BSE Sensex were Dr. Reddy's, up 4.3%, engineering and construction major
L&T
, up 4%, and engineering firm
Bhel
, up 2.5%.
Motorcycle maker
Bajaj Auto
soared 6.5% after posting a 28% January sales gain.
Shree Renuka Sugars
rose 1.8% on plans for a new refinery in Haldia.
Ceramics outfit
Carborundum Universal
gained 3.8% on reports that the company has acquired the business of Abrasive Enterprise of Canada.
The major losers on the BSE Sensex were
Hindustan Lever
, down 0.7%, cement maker
Grasim Industries
, down 0.6%, and refiner
Reliance Industries
, down 0.5%.
Anil Ambani-controlled
Reliance Capital Ventures
was listed on the Bombay Stock Exchange at 24.80 rupees and on the National Stock Exchange at 24.50.
This story was created through a joint venture between TheStreet.com and IRIS.