India’s Sensex Index Extends Advance on Eve of Festive Season
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India’s benchmark stock index rose for a fourth day, extending a 2 1/2-year high, on the eve of a festive season that may see a surge in consumer spending.
Hindustan Unilever Ltd., a unit of the world’s second-largest consumer-goods maker, climbed to the highest in nine months. Mahindra & Mahindra Ltd., the nation’s biggest sport- utility vehicle and tractor maker, advanced 3.2 percent. India’s festive celebrations begin tomorrow with a religious holiday, when financial markets are closed. Easing concern over Europe’s budget deficit crisis also boosted investor confidence.