Economics
India’s Sensex Snaps Four-Day Slide; Reliance, Ranbaxy Gain
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India’s stocks rose as some investors judged a four-day slide in the benchmark index amid corruption probes as excessive relative to the outlook for the nation’s economic growth.
Reliance Industries Ltd., the nation’s most valuable company, surged the most in more than six months. Drugmaker Ranbaxy Laboratories Ltd. increased the most in a month after PharmAsia News said it got U.S. approval to sell a drug. India’s government will tomorrow say that gross domestic product rose above 8 percent for a third consecutive quarter, according to the median estimate of 30 economists in a Bloomberg survey.