Economics
Indian Stocks Gain on Growth Outlook; Tata Motors, Sterlite Rise
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India’s stocks rose as investors judged the outlook for domestic consumption will remain robust, buoying company earnings.
Tata Motors Ltd., the biggest truckmaker and owner of Jaguar Land Rover, climbed for the first day in three. Sterlite Industries (India) Ltd. advanced with raw material prices amid speculation the U.S. Federal Reserve will act to further stimulate economic growth. The rupee gained 5 percent against the dollar in the past month as global funds pumped a record $21 billion into Indian stocks this year on optimism about the South Asian’s nation’s growth prospects.