Bombay stocks finished a flat session marginally lower Thursday.

The BSE Sensex dropped a point to 10,840.6.

Top Sensex gainers were Tata Steel, up 3.4% on news of a settlement with Bangladesh over steel plant plans, and bank SBI, up 2.8%. The other gainers included Bajaj Auto, Hindalco and Reliance.

Technology stocks like software player TCS and IT majors Infosys and Wipro ( WIT) were among the major losers. Power, pharma and select auto stocks also slid.

Major laggards on the BSE Sensex were Dr Reddy's, down 3.3%, Reliance Energy, down 2.2%, and HDFC Bank, down 2.1%. Other losers nicluded Bharti, Tata Motors ( TTM) and Maruti.

Satyam Computer lost 1%.

Mukesh Ambani-controlled Reliance Industries gained 0.8% on news the company is drawing up plans to invest in Sri Lanka oil ventures.

Steel Authority of India gained 7.3% on news the goverment will merge Bharat Refractories and Maharashtra Electrosmelt into it.
This story was created through a joint venture between TheStreet.com and IRIS.