India Stocks Climb to Record as Opposition Wins Strengthen Rupee
This article is for subscribers only.
India’s benchmark stock index surged to a record and the rupee climbed to a four-month high after the nation’s main opposition party won the state polls.
The S&P BSE Sensex jumped 1.6 percent to 21,326.42 at the 3:30 p.m. close in Mumbai and the currency touched 60.8475 per dollar, the strongest level since Aug. 12. ICICI Bank Ltd. soared 5.1 percent, sending a gauge of 13 lenders to its highest level since June.