India's Sensex Has Second-Biggest Gain of 2015 on Fed Outlook
- U.S. payrolls, factory data undermine case for 2015 rate hike
- Tata Motors surges on record U.S. Demand for Land Rover SUVs
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India’s benchmark stock index rallied to a six-week high, tracking gains in Asian equities amid speculation disappointing U.S. payrolls data will push the Federal Reserve’s interest-rate increases to next year.
Tata Motors Ltd. was the best performer on the S&P BSE Sensex after the company said the sales of its Range Rover and Evoque SUVs in the U.S. jumped 61 percent last month. Housing Development Finance Corp., the top mortgage lender, rose for the first time in three days. ICICI Bank Ltd., the largest private lender, had the steepest climb in five months. Maruti Suzuki India Ltd. tumbled the most in six weeks after Jefferies cut its rating on the nation’s largest automaker.