Indian stock-index futures gained after the benchmark S&P BSE Sensex (SENSEX) index advanced to an all-time high yesterday.

SGX CNX Nifty Index futures for October delivery rose 0.8 percent to 8,256 at 9:51 a.m. in Singapore. The underlying CNX Nifty Index (NIFTY) added 1 percent to 8,169.20 yesterday, the highest level since Sept. 8. The Sensex climbed 0.9 percent. The Bank of New York Mellon India ADR Index of U.S.-traded shares increased 0.9 percent.

The Sensex has advanced 2.7 percent this month as Prime Minister Narendra Modi accelerated policy changes aimed at spurring growth. Modi has ended price curbs on diesel, raised natural-gas tariffs and eased restrictions on foreign investment in real estate development. His Bharatiya Janata Party won the most seats in two state elections, victories that could make it easier to push ahead with tougher reforms.

“We expect this positivity to extend further in days to come,” Jayant Manglik, president of retail distribution at Religare Securities Ltd., wrote in an e-mail.

Shares of Bharti Airtel Ltd. (BHARTI), India’s largest mobile-phone services provider, may be active. The company reported after markets closed yesterday that profit more than doubled to 13.8 billion rupees ($ 225 million) in the quarter ended Sept. 30, compared with the 13 billion-rupee median of 24 analyst estimates compiled by Bloomberg.

Earnings Reports

Cigarette maker ITC Ltd. (ITC) may report today that second-quarter profit climbed 9 percent from a year earlier to 24.3 billion rupees, according to the median estimate of 31 analysts. Mahindra & Mahindra Ltd. (MM) may say quarterly net income fell about 6 percent to 9.34 billion rupees, according to 33 analysts in a Bloomberg survey.

Ten of the 15 Sensex companies that have posted results so far have beaten or matched estimates.

International investors bought a net $ 123 million of Indian stocks on Oct. 29, extending this year’s inflow to $ 13.4 billion, the most among eight Asian markets tracked by Bloomberg.

The Sensex has increased 29 percent this year, the best performer among the world’s 10 biggest markets, and trades at 15.6 times projected 12-month earnings, compared with the MSCI Emerging Markets Index’s multiple of 10.9.

To contact the reporter on this story: Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net

To contact the editors responsible for this story: Michael Patterson at mpatterson10@bloomberg.net Matthew Oakley, Phani Varahabhotla