India Sensex Has Biggest Weekly Jump in 20 Months; Infosys Leads

Indian stocks rallied, with the benchmark index posting its biggest weekly gain in 20 months, as speculation that global economic recovery will be sustained spurred gains in equities across Asia. Software makers jumped.

Infosys Technologies Ltd., the nation’s second-largest software-services provider, climbed 5.3 percent, the most since July 2009. Asian stocks increased, tracking a rally in U.S. equities, after U.S. initial jobless claims data signaled the labor market in the largest economy is mending. Wipro Ltd., the third-biggest, advanced 3.7 percent. Tata Consultancy Services Ltd., the largest, added 2.4 percent.

India lifts onion export ban after prices crash

The Indian government has lifted its ban on onion exports after prices crashed on the domestic market.

The government introduced the ban in December after prices had reached unprecedented levels. A kilogram, which usually costs 20 rupees, went up to 85 rupees ($1.87; £1.20).