Indian Stocks Climb to a Record Before Exit Polls
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Indian stocks rallied, sending the benchmark index to a record, and the rupee touched a nine-month high amid speculation exit-poll results may show a victory by the main opposition party led by Narendra Modi.
Coal India Ltd., the world’s biggest producer of the fuel, was the best performer on the S&P BSE Sensex. State Bank of India jumped 3.2 percent, sending a gauge of 12 lenders to a record. Reliance Industries Ltd., owner of the world’s largest oil-refining complex, rose to a three-year high. The rupee was little changed at the close after rising to the highest level since July.