Indian Stocks Rise as Oil Falls, Singh’s Ally Delays Withdrawal
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India’s stocks rose the most in a week as oil prices declined and a partner in Prime Minister Manmohan Singh’s government delayed a decision to withdraw from the coalition.
Tata Motors Ltd., the biggest truckmaker, jumped 3 percent. Oil dropped for the first time in three days after al-Jazeera reported that Libya’s Muammar Qaddafi offered to relinquish power, prompting speculation fighting may ease in Africa’s third-biggest producer. Jaiprakash Associates Ltd., a builder of dams, advanced 2.3 percent.