Economics
India’s Sensex Index Advances as Economic Growth Beats Estimates
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India’s stocks climbed for a second day, paring the monthly loss on the benchmark index, as the nation’s economic growth beat estimates.
Bharat Heavy Electricals Ltd., India’s biggest power-equipment maker, climbed to a one-week high. Gross domestic product rose 8.9 percent in the three months through September from a year earlier, the Central Statistical Organisation said in a statement in New Delhi today. That was above the 8.2 percent median estimate of 30 economists in a Bloomberg News survey. Tata Motors Ltd., the biggest truckmaker, climbed the most in eight weeks. Developer DLF Ltd. surged 7.1 percent.