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Bombay Stocks Drop

The Sensex index hits 12,000 but fails to hold it.

Bombay stocks dropped for the fourth time in five sessions Thursday, selling off sharply after earlier passing 12,000.

The BSE Sensex lost 103.5 points to close at 11,835. Losers on the Sensex included


, the exploration major, which slipped 6%,


, the cement major, down 3.5%, and


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, the IT outfit, off 2.8%.

The top gainers on the Sensex were


, which rose 1.9%,


, the construction and engineering major, up 1.6%, and


, the aluminium major, up 1.4%.

Aventis Pharma

lost 0.4% despite a 56.3% rise in net profit for the quarter ended March 31.

Indian Overseas Bank

rose 3.4% as the bank posted 30% increase in profit for the quarter ended March 31.

Reliance Industries

rose 1.9% after posting a 9% rise in profit for the quarter ended March 31.


gained 1.4% as the pharma company's profit nearly doubled.

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