India's Sensex Advances to a Record High, Led by Reliance Communications

(Bloomberg) -- India's Sensitive Index rose to a
record. Reliance Communications Ltd., the nation's second-biggest
wireless company, gained after Morgan Stanley raised its earnings
forecast for the company citing higher subscriber additions.

``A higher subscriber base and relative stable revenues per
user should lead to higher profit margins for the entire
industry,'' Mumbai-based analyst Vinay Jaising at Morgan wrote in
a note to clients today.


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