MUMBAI: Indian stocks rose for a third day, while sovereign bonds and the rupee advanced, as investors monitored discussions around plans to restart business activities ahead of a scheduled ending of a lockdown in the world’s second-most populous country on Sunday.
The S&P BSE Sensex climbed 0.9% to 32,386.64 as of 9:43am in Mumbai, while the NSE Nifty 50 Index added 0.8%. Both indexes are set for their first monthly advance this year after rebounding by more than 20% from March lows. The yield on the 10-year bond fell one basis point to 6.12%, while the rupee strengthened 0.3% against the US dollar.