Economics
India Stocks Extend Best Stretch of Weekly Gains in Five Months
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India’s benchmark stock index rose, extending its longest stretch of weekly gains in five months, after Goldman Sachs Group Inc. raised the economic growth estimate, citing the benefits of a better-than-forecast monsoon.
Mahindra & Mahindra Ltd. climbed to the highest in at least 19 years after saying monthly sales increased. Maruti Suzuki India Ltd., the biggest carmaker, advanced the most in more than a week after reporting monthly sales increased by a record. The nation’s economy will expand 8.5 percent this year, Goldman Sachs predicted.