Tata Motors, ITC gain in India's consumer-driven stock rally

Global retail investors buy in, but governance concerns remain

20230920N BSE

Foreign and domestic investors have pumped money into India's stock market. © Reuters

MANAMI OGAWA and RYOSUKE HANADA, Nikkei staff writers

TOKYO/MUMBAI -- India's stock market is flying high as economic growth in the world's most populous country lifts shares in makers of cars, cigarettes and other consumer goods.

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