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Bombay Stocks Close Lower

Wipro rises.

The Bombay Stock Exchange lost ground Friday, with BSE Sensex dropping 1.4%.

The exchange's Sensex index slid 143 points to close at 9981.11 after touching an intraday high of 10184.04.

The top gainer was IT outfit

Wipro

(WIT) - Get Free Report

, which gained 1.9%. Generic pharma

Ranbaxy

moved up 1.83% and

Bajaj Auto

rose 1.2%.

NIIT Technologies

, a diversified IT services company, gained 1.76% on the news that the company is scouting for acquisitions in the U.S. and Europe.

Gail (India)

, India's largest gas transmission and marketing company, lost 1.28% on reports that the company is planning to set up a biodegradable polymer plant. It is in talks with

DuPont

(DD) - Get Free Report

for technology transfer.

Godrej Industries

gained 2% on the news that the company is looking for inorganic expansion overseas through its newly acquired FMCG "Key Line" in the U.K.

Grasim Industries

, a cement company, shed 4.8%, while

Hindalco

, a top aluminium maker, fell 3.8% and

Hero Honda

slipped 3.53%.

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