Economics
India Sensex Has Biggest Weekly Jump in 20 Months; Infosys Leads
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Indian stocks rallied, with the benchmark index posting its biggest weekly gain in 20 months, as speculation that global economic recovery will be sustained spurred gains in equities across Asia. Software makers jumped.
Infosys Technologies Ltd., the nation’s second-largest software-services provider, climbed 5.3 percent, the most since July 2009. Asian stocks increased, tracking a rally in U.S. equities, after U.S. initial jobless claims data signaled the labor market in the largest economy is mending. Wipro Ltd., the third-biggest, advanced 3.7 percent. Tata Consultancy Services Ltd., the largest, added 2.4 percent.