Indian Stocks Fall for First Day in Three; Sterlite, HDFC Drop
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Indian stocks fell for the first day in three, led by metal producers, as raw material prices retreated amid concern the recent rally may be overdone.
Sterlite Industries (India) Ltd., the nation’s biggest copper and zinc producer, tracked metals prices lower as concern mounted that demand may falter if European government finances worsen. Housing Development Finance Corp., the largest mortgage lender, dropped for the second day, paring its monthly gain to 14 percent.