Emerging Stocks Risen First Day Three; India Shares Fall
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Emerging-market stocks rose for the first time in three days as consumer discretionary shares rebounded from a six-week low. India’s benchmark equity gauge tumbled the most in three weeks after the central bank refrained from cutting interest rates.
Grupa Lotos SA, Poland’s second-largest oil refiner, climbed to the highest level in more than a year after profit beat analysts’ estimates. State Bank of India Ltd. sank the most in almost three months. OAO Gazprom, Russia’s biggest natural gas exporter, dropped to a three-month low after the board approved a 25 percent spending increase this year.