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Markets Update Markets Update Stocks India Stock Futures Rise as Fed Raises U.S. Assessment
Markets Update Markets Update Stocks India Stock Futures Rise as Fed Raises U.S. Assessment
Stocks Update
- Details
- Published on Wednesday, 14 March 2012 11:28
- Written by Bloomberg.com
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