Mumbai: Indian stocks rose, with the benchmark gauge erasing a weekly decline, as overseas investors extended their purchases of local assets. Tata Motors Ltd and Mahindra and Mahindra Ltd, the largest tractor maker, were among the top performers on the S&P BSE Sensex. The Sensex rallied 1.1%, or 292.80 points to 28,152.40 at the close in Mumbai, capping a third straight week of advance. ICICI Bank rose 1.49%. Axis Bank Ltd increased to a one-year high and ICICI Bank Ltd rose for a second day.

Source: Mint August 12, 2016 04:26 UTC