Mumbai -- Indian stocks gained 0.60% Thursday, as the BSE Sensex rose 75.13 points to close at 12,698.41.

Gainers Thursday were

ICICI Bank

(IBN) - Get Report

, which rose 4.56%,

SBI

, up 4.04%, and

HDFC Bank

(HDB) - Get Report

, up 2.64%.

Among the losers were

Bajaj Auto

, which lost 2.20%,

Ranbaxy

, down 2.01%, and

HLL

, off 1.83%.

Hinduja TMT

, which acquired a US-based BPO company, AFFINA, saw its stock close 7.18% higher on the news that its overseas arm were awarded licences to operate 3G as well as 2G mobile services.