India Stock Futures Rise as Fed Raises U.S. Assessment
This article is for subscribers only.
Indian stocks rose to their highest level in three weeks as the U.S. Federal Reserve boosting its economic assessment overshadowed faster-than-estimated growth in the nation’s inflation rate.
ICICI Bank Ltd., the nation’s largest non-state-run lender, jumped to its highest close since Feb. 22, pacing a rally among its peers. Larsen & Toubro Ltd., the biggest engineering and construction, gained 2.6 percent, extending a four-day winning streak. Infosys Ltd., which gets more than 90 percent of sales from abroad, climbed for a second day.