India’s Sensex Snaps Four-Day Winning Streak; Posts Weekly Gain
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India’s benchmark stock index fell for the first time in five days, trimming the largest weekly advance in a month, as some investors judged recent gains exceeded the outlook for earnings growth.
Sterlite Industries (India) Ltd., the nation’s biggest copper producer, slid 2.3 percent after BNP Paribas advised investors to reduce their holdings, citing the risk of earnings disappointments among India’s non-ferrous metal companies. Reliance Infrastructure Ltd., the builder of a mass rapid transit system in Mumbai, lost 4.4 percent.