Bombay Stocks Drop 1.8%
BOMBAY -- Bombay stocks closed lower Tuesday, breaking a three-day winning streak.
The Sensex index shed175 points to settle at 9822.52.
Losers on the index included
L&T
, which shed 4.9%,
Bajaj Auto
, down 3.9%,
HDFC
, down 3.8%, and
HDFC Bank
(HDB) - Get HDFC Bank Limited Report
, off 3.7%.
Among the major gainers were
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Reliance Communication
, which moved up 3.6%,
Ranbaxy
, up 0.84%,
Hero Honda
, up 0.54% and
Reliance Energy
, up 0.38%.
Geometric Software Solutions
gained 11% on the news that it inked a pact with IBM to jointly provide services assisting clients in accelerating deployment of product lifecycle management solutions.
Era Constructions
rose 5% on the news that it bagged a contract from National Aluminium Company for civil and structural works of a alumina refinery at Damanjoli.
This story was created through a joint venture between TheStreet.com and IRIS.
