Economics
Indian Stocks Climb for Seventh Quarter on Foreign Fund Inflows
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India’s stocks rose, with the benchmark index completing its longest stretch of quarterly gains, as the nation’s economic growth and corporate earnings lured investors to increase their holdings to a record.
State Bank of India, this quarter’s second-best performer in the main stock gauge, climbed to its highest level in at least 19 years. Overseas funds bought a net 8.95 billion rupees ($198.3 million) of Indian equities on Sept. 28, extending this year’s record inflows to 843.6 billion rupees, according to the nation’s market regulator. Hindalco Industries Ltd., the biggest aluminum producer, advanced 2.9 percent.