Sensex Rises to Record as Options Soar Before Vote Result

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Indian stocks rallied, with the benchmark index rising to a record, on speculation election results next week may show a victory by the main opposition party. Option prices climbed to the highest level since 2009.

ICICI Bank Ltd. advanced to a six-year high, sending an index of lenders to a record. Maruti Suzuki India Ltd. rose the most in seven weeks. India VIX, which measures the cost of options on the CNX Nifty Index, surged to the highest level since August 2009 as traders bet exit polls May 12 and results May 16 will heighten market swings.