Bombay Stocks Rise Again
The Sensex index posts its second straight 2% gain.
The Sensex index posts its second straight 2% gain.
BOMBAY -- Bombay stocks added more than 2% Thursday, marking their second straight advance.
The BSE Sensex index rose 236 points to close at 10,275.88. The rally of the last week has erased some of the last month's losses, though the index remains well below its May 11 peak of 12,671.
Gainers Thursday included
HDFC
, which rose 9.8%,
L&T
, up 8.3%,
Hindalco
, up 4.3%, and
ICICI Bank
(IBN) - Get Report
, up 3.6%.
Laggards included
Dr. Reddy's
(RDY) - Get Report
, down 6.2%,
Bharti Tele
, down 1.5%, and
Ranbaxy
, off 1.2%.
Elder Pharma
dropped fractionally on news that the company is scouting for marketing alliances and joint ventures in Italy.
This story was created through a joint venture between TheStreet.com and IRIS.
