Indian Stocks Sink Most in Asia; Reliance, State Bank Lead Drop
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Indian stocks fell the most in Asia after the central bank signaled it may not take steps to ease a cash deficit in the banking system and on concern earnings will slow amid a freeze in decision-making.
Reliance Industries Ltd., India’s biggest company by value, slid the most in three weeks. Bharat Heavy Electricals Ltd., the biggest power-equipment maker, declined for the first time in four days. State Bank of India, the largest lender, dropped the most in a month.