India’s Sensitive Index Declines; Telecom Companies Lead Drop
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India’s benchmark stock index fell, led by telecommunications companies as investors sold after recent gains.
Reliance Communications Ltd., the nation’s second-largest mobile-phone operator, dropped 3.5 percent, its biggest loss in more than two weeks. The stock surged more than 10 percent on Dec. 24 amid speculation Reliance Industries Ltd. will buy a stake. Bharti Airtel Ltd., the largest mobile-phone operator, slid 1.9 percent after gaining 4.7 percent in the last three trading sessions.