Bombay stocks returned to their winning ways Monday behind strength in cement and steel names.
The BSE Sensex rose 73 points to close at 11,663, shrugging off Friday's hefty afternoon selloff.
The top gainer was
, up 7% as the company mulls a bid for South Africa's Highveld. Chemical company
added 4.6% and cement maker
moved up 3.9%.
State Bank of India
and home mortgage lender
, each of which shed 1.5%. Car maker
Viscose filament maker
Aditya Birla Nuvo
climbed 2.1% on reports that it plans to buy 15% of Idea Cellular. Aluminium major
gained 2.7% on the news that its Aditya Birla Minerals unit is raising 293 million Australian dollars through an offering and listing on the Australian Stock Exchange.
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