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India Stocks Plunge Most in Four Months As Overseas Funds Exit

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India stocks slumped by the most since May as foreign investors sold shares at the fastest pace in about three weeks.

The S&P BSE Sensex slid 3%, the most among Asian markets, led by lenders and finance shares. All but two stocks on the NSE Nifty 50 Index ended in the red -- indicating poor market breadth -- as the gauge retreated 2.9%. Volatility was elevated because of the monthly expiry of derivative contracts.