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 Dr. Reddy's Laboratories Ltd Report
, up 7%,
Bharti Tele
, up 4.7%,
ITC
, up 4.4%, and
ICICI Bank
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(IBN) - Get ICICI Bank Limited 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.
