Economics
India Stocks Rise to Record as Growth Attracts Foreign Inflows
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Indian stocks climbed, driving the benchmark index to a record close, as foreign buying of the equities surged to an all-time high on the expectation consumer spending will boost corporate earnings.
The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 2.1 percent to 20,893.57 at the 3:30 p.m. close in Mumbai. The gauge -- which remains below the intraday record of 21,206.77 on Jan. 10, 2008 -- advanced as the U.S. central bank expanded support for the world’s biggest economy.