Money on the markets
A maturing market amid the mayhem
Shares in Mahindra & Mahindra ended 6.1 percent higher at 971 in a market that ended 1.2 percent up. Trade in the counter stood at 0.4 million shares.
The other gainers in this sector included Tata Motor (up 4 percent), Bharat Forge (up 5.8 percent) and Escorts (up 4.5 percent).
Data showed car sales in India increased an annual 21 percent in September for their eighth straight rise, aided by festival spending and easier availability of loans.
Shares of major telecom players plunged on Thursday, pulling the BSE Technology Index down 2.8 percent.
The Sensex rose 1.5 percent on Wednesday to close above the 17,000 mark for the first time since May 2008.
On the sectoral front, the banking sector led the indices gaining 3.6 percent followed by the Auto index, which rose 2.1 percent. The Capital Goods ended 1.7 percent higher.
Shares of Infosys Technologies fell over 3 percent to 2,285 rupees on Thursday in a market that saw volatile trade with the expiry of monthly derivatives.
Dr Reddy’s shares hit an intra-day high of 900 rupees on Friday before closing 3.6 pct up at 865.45 rupees.
Shares in the drugmaker jumped to a 3-1/2-year high on a report that GlaxoSmithline is in talks to buy a 5 percent stake in the company for $150 million.