Bombay Stocks Rise Again

The Sensex adds 74 point in a third straight positive session.

Bombay stocks rose for the third straight session Wednesday, putting last week's selloff firmly in the rearview mirror.

The BSE Sensex rose 74 points to close at 11,896, bringing it within 40 points of its April 7 all-time high.

Chemicals conglomorate

Grasim Industries

rose 4% and cement major

ACC

was up 3.5%.

The major losers were auto manufacturer

Bajaj Auto

and IT name

Wipro

(WIT) - Get Report

, each down 1.8%.

Infosys

(INFY) - Get Report

dropped 1.6%.

HCL Technologies

, the software firm, lost 7.5% despite posting a 75% rise in profits.

On the other hand,

Ranbaxy Laboratories

, the pharma giant, gained 3.2% even though it posted a 25% decline in profit.

Oil & Natural Gas

was buoyed by the news that its overseas arm is eyeing two blocks in Angola, pushing up its share price 1.6%.

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

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