Economics
Indian Stocks Advance as Investors Seek Haven for GDP Growth
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Indian stocks advanced as investors judged the nation’s economic growth outlook provides a haven for equities after a drop in U.S. jobless rates damped the outlook for global expansion.
Hindustan Unilever Ltd., the local unit of the world’s second-largest consumer-goods maker, climbed for a seventh day to its highest level in at least 19 years. DLF Ltd., the nation’s biggest real estate developer, advanced 5 percent, its steepest gain since May. India’s government lifted the cap on foreign investment in bonds to increase funds available for roads and power plants.