India’s Stocks Fall as Factory Output Growth Slows; Larsen Drops
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India’s benchmark stock index fell after industrial production grew at a slower pace than economists’ estimated.
Larsen & Toubro Ltd., the largest engineering company, dropped the most in more than two weeks. Output at factories, utilities and mines rose 5.6 percent from a year earlier in August, the statistics office said in a statement today. The median estimate of 25 economists in a Bloomberg News survey was for a 9.5 percent gain. Bharat Heavy Electricals Ltd., the biggest power-equipment maker, retreated for the fourth day.