Bombay Stocks Rally Again
Bombay stocks jumped again Thursday, rising more than 1% a day after they set an all-time high.
The BSE Sensex added 123 points to close at 11,307 after earlier trading as high as 11,339.
Drug maker
Ranbaxy
surged 10% on its purchase of Belgian generic drug maker Ethimed. On Wednesday Ranbaxy bought Romanian generics major Terapia.
Other leading gainers were cellular operator
Bharti Tele
, up 5.3%, and IT firm
Wipro
, up 3.9%.
Construction and engineering firm
L&T
added 1.5%, while cement major
ACC
rose 0.6%. Motorcycle manufacturer
TheStreet Recommends
Hero Honda
gained 1.2% and automobile major
Tata Motors
inched ahead by 0.4%.
The top loser on the BSE Sensex was
State Bank of India
, which shed 1.9%.
National Thermal Power
fell 1.6% and
ICICI Bank
was down 1%.
National Aluminium
gained 2.2%, and
ITC
advanced 2.7% on plans to develop a shopping complex in Ujjain.
ONGC
rose 3.5% on reports that the oil major is eyeing
Hindustan Petroleum's
17% stake in
Mangalore Refinery & Petrochemicals
.
This story was created through a joint venture between TheStreet.com and IRIS.
