Bombay stocks surged Monday to their biggest-ever one-day gain, picking up 2.5% to set another new high.

The BSE Sensex rose 284 points to close at 11,564, as foreign institutional investors poured cash into one of the world's hottest markets. The Sensex gained 3% last week and is up 75% over the last year. Monday's gains added to strong performances in other Asian markets, led by 1.6% jumps in Japan's Nikkei and Hong Kong's Hang Seng.

Cement and pharma stocks led the rally, along with information technology titan

Infosys

(INFY) - Get Report

. It shot up 5.5%, while carmaker

Maruti

moved up 4.3% and chemical giant

Grasim Industries

rose 4.2%.

Pharma stocks were in the limelight, with

Cipla

rising 3.7% and

Ranbaxy

and

Dr. Reddy's

(RDY) - Get Report

each adding 1.9%. Cement makers rose as well, with

Gujarat Ambuja

up 3%,

L&T

up 2.4% and

ACC

ahead by 1.7%.

HDFC Bank

was the only loser today on the BSE Sensex.

Reliance Industries

rose 4.1% on news that several international industry majors have approached the company for a strategic tie-up with Reliance Petroleum.

Hindustan Construction

gained 4.1% on the news that the company has been awarded a contract from the National Highways Authority in New Delhi.

Dolphin Offshore Enterprises

shot up 10% on reports that the company is teaming up with NaftoGaz on offshore platforms and pipelines.

Helios & Matheson

gained 5% after it acquired a controlling stake in A Consulting Team.

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