India’s benchmark stock index will climb as much as 6 percent to a record by year-end if state election results this weekend confirm gains by the nation’s main opposition party, according to a Bloomberg survey.
Investigators probing the biggest payment default in India’s commodity market seized assets and properties worth $487 million from exchange officials and defaulters that may be used to clear dues to investors.
Most emerging-market stocks declined, with the benchmark index heading for the first weekly slide in a month, as Thai shares retreated amid political protests and investors weighed the outlook for U.S. stimulus. The baht fell.
Indian stock-index futures rose and rupee forwards gained as an exit poll showed the nation’s main opposition party was set to win four of five state elections to give it momentum ahead of national voting next year.