Bombay Stocks Drop a Point

Tata Steel rises.
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Bombay stocks finished a flat session marginally lower Thursday.

The BSE Sensex dropped a point to 10,840.6.

Top Sensex gainers were

Tata Steel

, up 3.4% on news of a settlement with Bangladesh over steel plant plans, and bank

SBI

, up 2.8%. The other gainers included

Bajaj Auto

,

Hindalco

and

Reliance

.

Technology stocks like software player

TCS

and IT majors

Infosys

and

Wipro

(WIT) - Get Report

were among the major losers. Power, pharma and select auto stocks also slid.

Major laggards on the BSE Sensex were

Dr Reddy's

, down 3.3%,

Reliance Energy

, down 2.2%, and HDFC Bank, down 2.1%. Other losers nicluded

Bharti

,

Tata Motors

(TTM) - Get Report

and

Maruti

.

Satyam Computer

lost 1%.

Mukesh Ambani-controlled

Reliance Industries

gained 0.8% on news the company is drawing up plans to invest in Sri Lanka oil ventures.

Steel Authority of India

gained 7.3% on news the goverment will merge

Bharat Refractories

and

Maharashtra Electrosmelt

into it.

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