Bombay Stocks Bounce Back

BOMBAY -- Bombay stocks returned to the win column Wednesday, rising 2.2% for their fourth gain in five sessions.

The BSE Sensex rose 218 points to close at 10,040, marking its first close above 10,000 since June 5.

Gainers on the index included

Dr. Reddy's

(RDY) - Get Report

, up 7%,

Bharti Tele

, up 4.7%,

ITC

, up 4.4%, and

ICICI Bank

(IBN) - Get Report

, up 1%.

Laggards on the 30-share index were

Grasim

, which lost 1.3%, and

BHEL

, down 1%.

Andhra Cements

surged 20% on the news that it is mulling a capacity expansion involving investments funded through a mix of internal accruals and debt.

Punj Lloyd

was up 0.6% as it was reported that the company along with its joint venture partner, Persys, bagged a project from Delhi Metro Rail for the Inderlok-Mundka Corridor.

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