India’s Sensitive Index Completes First Weekly Decline in Six
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Indian stocks fell, with the benchmark index snapping five weeks of gains that took it close to a record high.
Tata Steel Ltd., the biggest producer, led the decline, retreating 3.6 percent as commodity prices dropped. HDFC Bank Ltd., the third-largest lender, dropped for the second day after being downgraded by BNP Paribas SA. Mahindra & Mahindra Ltd., the biggest maker of sport-utility vehicles and tractors, declined 2.8 percent.