Economics
Indian Stocks Advance on Modi Reform Bets After Delhi Poll Loss
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India’s benchmark stocks index advanced for a second day amid expectations Prime Minister Narendra Modi will accelerate policy measures to boost economic growth after losing elections in the capital state.
Larsen & Toubro Ltd. increased for the first time in three days, pacing gains among engineering companies. Axis Bank Ltd. was the best performer on the S&P BSE Sensex, while Coal India Ltd., the world’s largest producer of the fuel, climbed to a two-week high.