Bombay stocks sold off Thursday, dropping 1.4% following three solid gains earlier in the week.
The BSE Sensex dropped 177 points to close at 12,435 after earlier touching 12,671, yet another intraday all-time high.
The top laggards on the index were
, down 5.3%,
, off 4.4% , and
, down 2.9%.
, up 1.7% and
, up 1.3%.
Larsen & Toubro
shed 1.3% on plans to set up a shipyard to build huge vessels, including large crude carriers.
shed 2.6%. It reportedly plans to add thermal generation capacity.
Reliance Industries said it may take a stake in the big Saudi Aramco petrochemical project in Saudi Arabia.
This story was created through a joint venture between TheStreet.com and IRIS.