Bombay Stocks Close Higher

Bajaj Auto rolls along.
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BOMBAY -- Indian stocks rose Friday, with the BSE Sensex climbing 78.97 points, or 0.68%, to close at 11,778.02.

Gainers on the index included

Bajaj Auto

, up 3.4%,

Dr. Reddy's

(RDY) - Get Report

, up 3.2%, and

Cipla

, up 3%.

Among laggards were

ONGC

, which dropped 1.1%,

Satyam

(SAY)

, down 1%, and

ITC

, off 0.9%.

L&T

gained 1.1% on the news that the company announced a contract from

Indian Oil Corporation

to set up a captive cogeneration power plant in Panipat, Haryana.

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