Bombay stocks rose for the seventh time in eight days Tuesday, settling at another high.
The BSE Sensex closed 74 points higher at 11,638 after earlier touching 11,711. Both marks are highs for the index, which has surged 75% over the past year.
The top gainer was
, which rose 7.6%, followed by pharma giant
, up 3.5%. Tobacco giant
Momentum briefly stalled at midday before a late spurt pushed the Sensex back above 11,600. Banks
led the rally, along with oil major
, tech titan
and consumer products outfit
Sensex losers included oil major
, down 2%, and construction players
, down 1.7%, and
, off 1.3%.
Auto stocks dropped.
slipped 0.7% and
slipped 1.8% as CEO Jerry Rao denied he was leaving.
IL&FS Investment Managers
rose 5% on reports that the company approved a bonus share issue.
gained 1.6% on the news that an Akorn venture submitted its first abbreviated new drug application with the Office of Generic Drugs.
Bharat Heavy Electricals
rose 1.5% after it posted a 70% profit gain for the year.
This story was created through a joint venture between TheStreet.com and IRIS.