India’s Sensex Rallies for a Sixth Day as Crude Extends Decline
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Indian stocks climbed for a sixth straight day, extending the biggest weekly rally in 20 months, as a decline in oil prices for a fourth day allayed concerns energy costs will fan inflation.
Hero Honda Motors Ltd., the nation’s biggest motorcycle maker, jumped 2.9 percent as its founder got approval to raise funds from overseas. Bharti Airtel Ltd., the top mobile-phone operator, jumped to near a six-month high. JPMorgan Chase & Co. raised its rating on the stock to “overweight” from “neutral” yesterday. Oil & Natural Gas Corp., the largest state explorer, advanced 1.7 percent as it won 10 fields in the nation’s ninth auction of energy assets.