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India’s Nifty Touches 9,000 as Tata Group, Reliance Shares Rally
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Indian stocks rose, with the CNX Nifty index topping 9,000 mark for the first time, amid expectations that Prime Minister Narendra Modi’s first full budget will make the South Asian nation the fastest growing in the world.
Reliance Industries Ltd., the owner of the world’s largest refining complex, climbed the most in year as CLSA Asia-Pacific Markets advised investors to buy. Tata Consultancy Services Ltd. surged to an all-time high, leading Tata group companies higher. Sun Pharmaceutical Industries Ltd. gained to a two-week high after buying GlaxoSmithKline Plc ’s opiates business in Australia.