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
, which gained 4.9%,
, up 3.3%, and
, which inched up 2.4%. Major losers were
, down 2.7%,
, down 2.3%, and
, down 1.9%.
declined 2.3% after posting a net loss in the first quarter.
rose 5.4% on posting a 250% rise in net profit for quarter ending March.
, the exploration major, dipped 0.7% after rolling out planned investments with
Royal Dutch Shell
and hopes to acquire further oil assets in Brazil and Nigeria.
Bharat Heavy Electricals
declined 0.7% after reaching an agreement to cooperate with
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.
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