Nov. 10 (Bloomberg) -- India’s stocks fell for the first time in five days after Finance Minister Pranab Mukherjee raised concern about domestic demand when he said fiscal stimulus measures will be withdrawn.

Maruti Suzuki India Ltd., the maker of half the cars sold in India, slid 2.6 percent after Mukherjee said the government will take “corrective” steps and pull back fiscal stimuli once economic recovery takes hold, stressing the need to cut the budget deficit. Hindalco Industries Ltd., the biggest aluminum producer, fell 2.3 percent on a slide in the price of the metal on the London Metal Exchange.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, dropped 61.83, or 0.4 percent, to 16,436.89, according to preliminary closing prices. The gauge had risen 7.1 percent in the previous four trading sessions.

The S&P CNX Nifty Index on the National Stock Exchange declined 0.3 percent to 4,881.75. The BSE 200 Index fell 0.1 percent to 2,051.78.

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net.

Last Updated: November 10, 2009 05:18 EST