Bombay Stocks Soar Again

The Sensex adds 98 points to hit a new record.
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Bombay stocks set another record Wednesday.

The BSE Sensex rose 98 points to close at 12,612 after earlier touching an intraday high of 12,624.

Top gainers on the index were

Hindalco

, which rose by 4.3%,

Tata Power

, up 4%, and

ICICI Bank

(IBN) - Get Report

, up by 3.5%.

The top losers on the index were

Gujarat Ambuja

, which lost 2.7%, and

Grasim

and

ACC

, each down 2.3%.

UTI Bank

rose 1.9% on reports it may boost home loan rates by 50 basis points to 9% for its existing customers from July 1.

Tamilnadu Newsprint

rose 2.2% after revenue doubled in the last year.

Asian Paints

rose up 0.6% after posting a 22% rise in profit for the year.

Reliance Natural Resources

moved up 2.3% on plans to raise $300 million in a bond issue.

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