India’s Stocks Rise for Second Day; Housing Development Gains
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India’s benchmark stock index rose for a second day as investors judged recent declines in some stocks as overdone relative to their earnings outlook.
Housing Development Finance Corp., the country’s largest mortgage lender, climbed for the first day in five, rising 3.8 percent. Hindalco Industries Ltd., the largest aluminum producer, advanced 2.9 percent, after metal prices increased.