Economics
India’s Sensex Gains as Farm Output Hopes Ease Inflation Concern
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Indian stocks rose, lifting the benchmark index higher for the first time in five days, as speculation monsoon rains will boost agricultural output, potentially slowing inflation.
Mahindra & Mahindra Ltd., India’s largest maker of tractors, gained 1.1 percent as the nation’s agriculture secretary said wheat production may advance to a record for a fourth year. ITC Ltd., a consumer goods company, climbed the most in two weeks. Larsen & Toubro Ltd., the nation’s largest engineering company, advanced 1.1 percent.