Indian Stocks Rise to Record as Automakers Post Higher Sales
- Hero MotoCorp, TVS Motor gain after sales increased in May
- Cipla climbs 2.8%, among top gainers on BSE Sensex index
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India’s equity benchmark rose to a fresh record as shares in automakers advanced.
The S&P BSE Sensex rose 0.4 percent to 31,273.29 at the close in Mumbai. The NSE Nifty 50 also closed at an all-time high. Hero MotoCorp Ltd. and TVS Motor Co. gained after each posted an increase in sales for the month of May. The S&P BSE India Realty Index and the S&P BSE Healthcare Index led 10 of the 13 sector gauges higher. Bharti Airtel Ltd. gained 1.7 percent after winning regulatory approvals to move ahead with the acquisition of Telenor ASA’s local unit.