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Sensex Advances to Record as Indian Banks Climb With Metalmakers

India’s benchmark stock index advanced to a record close, led by metalmakers and lenders, amid speculation the federal government budget next week will outline measures to strengthen the economy.

The S&P BSE Sensex (SENSEX) rose 1.3 percent to 25,841.21 at the close in Mumbai, advancing for a fourth straight day. Sesa Sterlite Ltd. (SSLT), the nation’s biggest zinc and aluminum producer, jumped the most in four weeks. HDFC Bank Ltd. (HDFCB) helped the S&P BSE Bankex post a third day of gains.