Bombay Stocks Inch Higher

The Sensex ends the week on a modest high note.
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Bombay stocks closed out the week with a modest gain.

The BSE Sensex rose 17 points to close at 11,852. The index lost 1.5% this week after touching a record high last Friday, but the Sensex is up 7% for the month and has nearly doubled since this time last year.

Top gainers on the BSE Sensex Friday were

NTPC

, which gained 4.9%,

Hero Honda

, up 3.3%, and

Maruti

, which inched up 2.4%. Major losers were

Cipla

, down 2.7%,

Satyam

(SAY)

, down 2.3%, and

Hindalco

, down 1.9%.

Aptech

declined 2.3% after posting a net loss in the first quarter.

Hindustan Zinc

rose 5.4% on posting a 250% rise in net profit for quarter ending March.

ONGC

, the exploration major, dipped 0.7% after rolling out planned investments with

Royal Dutch Shell

(RDSA)

and hopes to acquire further oil assets in Brazil and Nigeria.

Bharat Heavy Electricals

declined 0.7% after reaching an agreement to cooperate with

Siemens

(SI) - Get Report

on advanced power plant technology.

Also, regulators barred 24 operators for indulging in an IPO scam and asked 12 depository participants not to open fresh accounts. The ban was kept on hold on one of the operators who challenged the decision in court.

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