Indian Stocks Decline to Three-Week Low; Infosys Leads Retreat
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India’s benchmark stock index fell to the lowest level in three weeks, led by software exporters after International Business Machines Corp. reported a drop in new contracts.
Infosys Technologies Ltd., the nation’s second-biggest software-services exporter, retreated to a one-month low. IBM, the world’s largest computer-services provider, yesterday said service contracts dropped seven percent in its third quarter. Tata Consultancy Services Ltd. lost 1.4 percent.