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Sat10252014

Last updateFri, 22 Nov 2013 4am

Back You are here: Home Markets Markets Update US Commentary Markets Commentary Asian Market Commentary India Stock Futures Rise as Fed Raises U.S. Assessment

Stocks Update

Indian stocks rose to the highest level in three weeks as the U.S. Federal Reserve boosting its economic assessment overshadowed faster-than-estimated growth in the nation’s inflation rate.

 

ICICI Bank Ltd. (IBN), the nation’s largest non-state-run lender, jumped to its highest close since Feb. 22, pacing a rally among its peers. Larsen & Toubro Ltd. (LT), the biggest engineering and construction, gained 2.6 percent, extending a four-day winning streak. Infosys Ltd. (INFY), which gets more than 90 percent of sales from abroad, climbed for a second day. Full story