Sensex Gains, Snapping Two-Day Loss, as Metal Stocks Lead Rally
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Indian stocks rose for the first time in three days, driving the benchmark index higher for a second week. Commodities producers led the advance amid investor expectations demand will increase.
Sterlite Industries (India) Ltd., the biggest copper and zinc producer, extended gains for the fourth day. Hindalco Industries Ltd., the biggest aluminum producer, climbed to its highest in two decades. Tata Motors Ltd., the nation’s largest truckmaker and owner of Jaguar Land Rover, dropped the most in two weeks. The benchmark gauge also rose on signs a recovery in the U.S., the world’s biggest economy, is gathering pace.