Economics
Indian Stocks Climb; Tata Steel, Hindustan Unilever Lead Advance
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Indian stocks rose amid expectation the government will be able to push economic reforms even as a deadlock continued in parliament over allowing overseas retailers to set up shop here.
The BSE India Sensitive Index, or Sensex, added 0.2 percent to 18,537.01 at the close. The gauge added 1.1 percent last week, ending two weeks of losses. Tata Steel Ltd., the nation’s biggest producer, climbed the most in six weeks after cutting 900 jobs at its U.K. unit. Hindustan Unilever Ltd., the largest home-products maker, climbed for the second day.