BOMBAY -- Bombay stocks rose 2% Wednesday, wiping out Monday's loss.

The BSE Sensex rose 233 points to close at 11,893.79. The index dropped 3% Monday but rebounded Tuesday and continued to post gains today.

Gainers Wednesday were

ICICI Bank

(IBN) - Get Report

, up 4.8%,

Bharti Airtel

, up 4.7%, and

NTPC

, ahead by 4.4%.

The losers were

Hindalco

, which lost 0.6%, and

Reliance Communication

, down 0.4%.

Industrial Development Bank of India

rose 14.5% on an amalgamation move.

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