Bombay Stocks Rise Again

Bombay stocks notched another record Wednesday, gaining for the third straight session.

The BSE Sensex rose 109 points to close at 11,747. Bank, pharma and auto stocks contibuted to the rally.

The top gainer was generics major

Cipla

, which shot up 7.3%. Cement maker

ACC

surged 5.3% and engineering company

Larsen & Toubro

gained 4.2% in news it got a big highway project.

The top loser on the BSE Sensex was software outfit

Satyam

, which fell 1.8%. Meanwhile

Infosys

(INFY)

lost 1.2% and infotech major

TCS

dropped 0.9%.

Asian Electronics

gained 5% on reports that the company will raise $60 million in a stock offering.

Sasken Communication Technologies

rose 4.9% on reports that the company has acquired Chennai-based SoftTech Solutions.

3i Infotech

rose 3.2% on reports that the company has acquired Datacons.

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