India’s Sensex Climbs on Valuation, Rupee Rebound; ONGC Advances
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Indian equities climbed after the biggest slump in the benchmark index in 21 months lured some investors and as the rupee rebounded from a record low.
The S&P BSE Sensex added 0.3 percent to 18,774.24 at the close in Mumbai after slumping 2.7 percent yesterday, the most since Sept. 22, 2011. The measure lost 2.1 percent this week, a third week of losses. The gauge’s 10-day volatility climbed to a 14-month high and volume was 47 percent more than the 30-day average. Oil & Natural Gas Corp. had the sharpest gain in two months. Infosys Ltd. increased the most in three weeks.