Index advances 0.2% to 21,383.01 points Indian stocks advanced, with the benchmark index climbing to a record, after Larsen & Toubro Ltd and Housing Development Finance Corp reported earnings that exceeded estimates. Larsen & Toubro , India's largest engineering company, was the best performer on the S&P BSE Sensex. Housing Development Finance, the biggest mortgage lender, rallied to its highest level since November. Axis Bank Ltd. gained the most in seven weeks. Sun Pharmaceutical Industries Ltd climbed two per cent. The Sensex rose 0.2 per cent to 21,383.01, according to preliminary closing prices in Mumbai , a fourth day of gains. The Reserve Bank of India meets on January 28 to review monetary policy. Wholesale prices rose 6.16 per cent in December compared with a year earlier, from a 14-month high of 7.52 per cent in November. Consumer prices climbed 9.87 per cent, the least in three months, a separate report showed. The Sensex has risen 1.1 per cent this year and trades at 13.4 times projected 12-month earnings, compared with the five- year average of 14.4 times. The MSCI Emerging Markets Index is valued at 9.2 times.
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