Bombay Stocks Close Lower
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 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 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.