Bombay stocks closed modestly higher as steel stocks rose.
The BSE Sensex rose 19 points to 10,244.05 after earlier trading as high as 10,305.
With Chinese steel makers having increased prices, the Indian steel stocks rallied.
Steel Authority of India
gained 4.7% and
tacked on 2%. Elsewhere, motorcycle maker
rose 3.1% and
rose 3.8% after the company posted a 33% rise in net profit.
Stocks dragging the index down in the final hours were India's largest drug manufacturer,
, down 2.6% on reports that the company suffered yet another legal setback in its bid to sell a generic version of cholesterol-lowering drug Atovastatin.
, a flagship company of the Aditya Birla Group, dropped 2.5%, and leading aluminium producer
fell by 1.6%.
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