Bombay Stocks Close Higher
Bombay stocks hit another high Thursday.
The BSE Sensex rose 61 to close at 10,626.7 on reports of a nuclear cooperation pact between the U.S. and India.
The top gainer was telecom company
Bharti Tele Ventures
, which shot up 5%.
Tata Power
rose 2.5% and oil exploration major
ONGC
added 2.3%.
Auto stocks continued their rise.
Tata Motors
rose 2%,
Hero Honda
ticked up 0.3% and
Bajaj Auto
moved up 0.2%.
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Maruti Udyog
gained 2.1% on news it reduced the price of its Baleno sedan.
Indian Oil
rose 1.2% on the news that it has sold half of its holding in
Gail India
to domestic and overseas financial institutions including
Life Insurance Corp
and
ICICI Prudential
.
Auto component maker
Amtek Auto
gained 1.9% on the news that the company will acquire Benda Amtek.
The top loser was
Infosys
(INFY) - Get Infosys Ltd. Report
, which fell 1.8% , followed by cement manufacturer
ACC
, down 1.4%.
Dr. Reddy's
(RDY) - Get Dr. Reddy's Laboratories Ltd. Report
, India's third-biggest drug maker, slipped 0.7%.
This story was created through a joint venture between TheStreet.com and IRIS.
