Most Indian Shares Advance; State Bank Climbs as TCS Retreats
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Most Indian stocks climbed after the growth in monthly consumer prices lagged behind forecast.
State Bank of India, the nation’s biggest lender, paced gains among its peers. Inflation quickened to 9.44 percent in June from 9.06 percent in May, the government said. The rate is less than the 9.68 percent median estimate of 28 economists in a Bloomberg News survey. Bajaj Auto Ltd., the second-largest motorcycle maker, retreated 1.5 percent after its first-quarter profit increased less than estimates. Tata Consultancy Services Ltd., the largest software services exporter, declined ahead of its quarterly earnings report later today.