Bombay Stocks Close Higher

The BSE Sensex rises 110.
Author:
Publish date:

Bombay stocks closed higher Friday.

The BSE Sensex rose 110 to 10,950.

Hindalco

surged 5.7% on the back of buoyant aluminium prices.

The major gainers on the BSE Sensex were

ITC

, up 4.1%, and

Tata Power

, up 3.4%. The other gainers were

Cipla

,

Ranbaxy

and

Larsen & Toubro

.

Major losers included

Bhel

, down 1.6%,

HDFC Bank

, down 0.8%, and

Dr Reddy's

, down 0.6%. Also falling was

Infosys

(INFY) - Get Report

.

Auto giant

Mahindra & Mahindra

gained 0.6% on plans to invest in expansion into South Africa and Europe.

Ranbaxy Laboratories

gained 2.4% after launching an asthma medicine.

State Bank of India

gained 0.8% after the union cabinet approved legislation that will allow investors to buy more shares in subsidiaries.

Aventis Pharma

declined 3.1% after 2005 earnings slipped.

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