Bombay Stocks Close Higher

The BSE Sensex rises 1.8%.
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Bombay stocks closed the week on a high note, rising 1.8%.

The BSE Sensex rose 192 to 10,765. Auto and IT stocks were the top gainers.

The major gainers on BSE Sensex were

Satyam

, up 3.8%, housing finance company

HDFC

, up 3.4%, motorcycle manufacturer

Bajaj Auto

up 3.2%, and engineering and construction company

Larsen & Toubro

, up 2.9%.

India's top automobile manufacturer,

Tata Motors

(TTM) - Get Report

, gained 2.4% on plans to roll out a new passenger car.

Integrated drug maker

Orchid Chemicals

gained 5.7% on reports that the company is in talks to license out its first antidiabetes molecule, BLX 1002.

The biggest loser on the BSE Sensex Friday was private sector power generating company

Reliance Energy

, down 0.4%. Other losers included

HDFC Bank

and

Dr. Reddy's Lab

(RDY) - Get Report

.

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