India’s Sensex Index Breaches 20,000 as Economy Lures Funds
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India’s stocks rose, with the benchmark index surpassing a key level for the first time in more than 2 1/2 years, as the economy’s expansion lures funds.
Bharat Heavy Electricals Ltd., the nation’s biggest power- equipment maker, advanced for the first day in five after winning a 26.7 billion rupees ($585 million) order from Visa Power Ltd. to set up a 1,200 megawatt thermal power plant. Larsen & Toubro Ltd., the nation’s biggest engineering company, climbed 2 percent. Global investors have poured an unprecedented $25 billion this year into the nation’s stocks and bonds, exchange data show.