Indian Stocks Have Biggest Gain in 5 Months on Overseas Inflow
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India’s benchmark stock index climbed, nearing its record high, as foreign investors bought more shares than they sold for the longest stretch in five years amid signs the global economic recovery is strengthening.
Maruti Suzuki India Ltd., the nation’s biggest carmaker, climbed to its highest level since December. Overseas funds bought a net 7 billion rupees ($157 million) of Indian equities yesterday, extending this year’s record inflows to more than 1 trillion rupees, according to the nation’s market regulator. Wipro Ltd., the third-biggest software services provider, surged the most in five months.