Bombay Stocks Drop a Point
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
TheStreet Recommends
Infosys
and
Wipro
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 Tata Motors Ltd. 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.
