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India’s stock benchmarks surged over 1.5% on Friday — the biggest single-day gain in four months — as dovish commentary by one of the members of the US Federal Reserve’s rate-setting panel and fresh investments in Adani Group stocks bolstered sentiment.
The Hon Hai Technology Group (Foxconn), the biggest contract manufacturer in the world, will set up an electronics manufacturing and assembly unit on the outskirts of Bengaluru, where it is expected to invest up to $1 billion and make iPhones for Apple.
Adani Group stocks rallied for the fourth consecutive day on Friday after the promoters raised ₹15,446 crore by selling stakes in four companies to US-based investment firm GQG Partners on Thursday.
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