BOMBAY -- India stocks rose 1.4% Thursday, breaching the 12,200 level for the first time since May 12. The Sensex rose 165.13 points to close at 12,274.27.

Gainers Thursday were

Bajaj Auto

, up 3.7%,

HLL

, up 3.4%,

BHEL

, up 2.8% and

Satyam Computers

(SAY)

, up 1.9%.

Among decliners were

Hero Honda

, which dropped 0.8%,

Reliance Communication

, down 0.6%, and

Larsen & Toubro

, off 0.4%.

ONGC

closed 2.1% higher on news that the company's subsidiary,

ONGC Videsh

, along with a subsidiary of

Sinopec International Petroleum Exploration and Production

acquired Colombian oil assets of

Omimex de Colombia

.

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