Economics
India’s Sensex Climbs to 34-Month High on GDP Growth Outlook
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India’s benchmark stock index had its steepest weekly gain in 10 months as investors judged economic growth is robust enough to withstand higher borrowing costs.
DLF Ltd., the nation’s biggest real estate developer, advanced to its highest level since January. Tata Consultancy Services Ltd., the largest software-services exporter, rose after Research In Motion Ltd. and Oracle Corp. reported better-than-estimated profits, boosting the outlook for the industry. India’s central bank raised interest rates for a fifth time this year yesterday, saying economic growth remains “steady.”