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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

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, up 3.6%.

Laggards included

Dr. Reddy's

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, 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.