Sensex Jumps to Record as India Seen as Fastest-Growing Economy
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India’s benchmark stock-index rallied to an all-time high, led by metal producers and banks, after the International Monetary Fund said the nation will be world’s fastest-growing major economy in the year through March 2017.
Tata Steel Ltd. had the biggest advance in three months, helping a gauge of metalmakers gain the most among 13 sector indexes complied by the BSE Ltd. Housing Development Finance Corp. climbed to a record, while State Bank of India increased for the first time in three days. Oil & Natural Gas Corp., the largest explorer, headed for a fifth day of gains, the longest run since March.