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MUMBAI -- Indian stocks Thursday gained 184.49 points, or 1.49%, to close at 12,537.98.

Out of the 30 scrips in the Sensex, 27 gained.

Gainers Thursday were

HDFC

, which rose 4.19%,

TCS

, up 3.63%, and

Wipro

(WIT) - Get Wipro Limited Sponsored ADR Report

, up 3.17%.

Among the losers were

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HLL

, which lost 1.28%,

HDFC Bank

(HDB) - Get HDFC Bank Limited Sponsored ADR Report

, down 0.63%, and

Hero Honda

, down 0.03%.

The shares of

RIL

closed 2.30% higher at the BSE on the news that it is creating a new firm for managing its assets in the K-G basin.

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