India Stocks Rise as Investors Watch for Broader Rally in 2020

(Bloomberg) — Indian stocks rose as investors watched for signs that a rally could broaden out beyond a handful of large companies.The S&P BSE Sensex climbed 0.2% to 41,656.4 as of 9:56 a.m. in Mumbai. The NSE Nifty 50 Index also advanced 0.2%. While the Sensex has recovered from a mid-year slump to deliver a roughly 16% return in 2019, the S&P BSE Midcap Index is down about 3%.Investors have continued to prize perceived “high-quality” stocks of established companies that dominate their own industries, as they are regarded as safer bets at a time when India’s economy is growing at …read more

Source:: Yahoo Finance

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