India Stocks Rise, Led by Dr. Reddy’s Laboratories, Tata Motors
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India’s stock rose, driving the benchmark index to its highest in more than a week, as foreign investors increased holdings of local shares amid expectations a growing economy will boost corporate earnings.
Dr. Reddy’s Laboratories Ltd., the nation’s second-biggest drugmaker by revenue, rose to the highest in at least 19 years after second-quarter group profit jumped 32 percent. Global funds became net buyers of Indian stocks for a 37th trading day, the longest run of inflows in more than five years. Tata Motors Ltd., the biggest truckmaker, also reached a 19-year high as Chief Executive Officer Carl-Peter Forster said the Jaguar Land Rover unit is in talks with a possible partner in China.