Bombay Stocks Jump Again
The Sensex adds 3.6% on top of Thursday's 6.9% advance.
The Sensex adds 3.6% on top of Thursday's 6.9% advance.
BOMBAY -- Bombay stocks rose for a second straight session Friday, advancing 3.6%.
The 30-share Sensex index rose 339 points to close at 9,884.51, adding to Thursday's 6.9% rally. Still, the Sensex remains 22% below its May 11 peak.
Gainers included
Tata Steel
, which surged 12%,
Satyam
(SAY)
, up 9%, and
TCS
, up 8.6%.
Laggards included
Grasim
, which shed 3.2%,
ONGC
, down 2%, and
HDFC
, off 1.8%.
Indian Oil
gained 8.6%. It reached an agreement with Nagarjuna Oil for buying petro products from the 6-million-tonne refinery that Nagarjuna is putting up in Cuddalore, Tamil Nadu.
This story was created through a joint venture between TheStreet.com and IRIS.
