Aug. 21 (Bloomberg) -- India’s benchmark stock index rose, paring the weekly loss. Hero Honda Motors Ltd. led automakers higher after the government said monsoon rains had revived, easing concerns that a poor rainy season would dent growth. Hero Honda, the nation’s biggest motorcycle maker, jumped 4.1 percent, extending yesterday’s 4 percent gain. Mahindra & Mahindra, the largest maker of sport-utility vehicles and tractors, gained 3.5 percent. Bharat Heavy Electricals Ltd., whose turbines and generators light up three of every four homes in India, gained on reports that it has won a 26.3 billion rupees ($540 million) order. “We are bullish on the market in the long term -- the drought remains a short-term concern,” said Vaibhav Sanghavi, a director at Ambit Capital Ltd. in Mumbai, who manages funds for wealthy individuals. “The rise in global markets also gave confidence to investors.” The Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 216.76, or 1.4 percent, to 15,229.08 in Mumbai, according to preliminary closing prices. The gauge had earlier fallen as much as 1.2 percent.

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