Economic Green Shoots Lift Indian Shares as Bond Issuers Emerge
- Cyclical stocks climb after data showing factory output growth
- Two companies started marketing dollar bond offerings Monday
Commuters outside a Burger King restaurant n Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Indian shares that tend to do well during times of economic growth rose and more companies offered dollar bonds after stronger factory output added to signs of a rebound.
Oil, gas, and capital goods stocks climbed, with industry measures of the so-called cyclical shares leading gains among India’s sub-indexes. Burger King India Ltd. more than doubled in its Mumbai trading debut from its initial public offering price. Two companies started marketing dollar notes.