India’s Sensex Climbs on Speculation RBI to Resume Policy Easing
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India’s benchmark stock index rose to a one-week high on speculation the central bank will resume lowering borrowing costs after holding interest rates today. Automakers led the gains.
The S&P BSE Sensex jumped 0.8 percent to 19,325.87 at the close in Mumbai. Volume on the gauge was 15 percent below the 30-day average. Tractor maker Mahindra & Mahindra Ltd. climbed the most in two weeks after agreeing to buy 13.5 percent of Cie Automotive SA, a Spanish auto-parts maker. Bajaj Auto Ltd. and State Bank of India advanced to a two-week high.