India’s stocks fell for a third day
as software exporters dropped amid concern a stronger rupee may
damp earnings and automakers declined after Maruti Suzuki India
Ltd. (MSIL) recalled some cars.
Tata Consultancy Services Ltd. (TCS), the nation’s largest
software-services company, slid the most in a month. Maruti lost
1.5 percent, the most in two weeks. The nation’s biggest
carmaker will recall 13,157 diesel cars with engines made
between Nov. 13 and Dec. 4.
The Bombay Stock Exchange Sensitive Index, or Sensex, lost
38.45, or 0.2 percent, to 19,573.75, according to preliminary
closing prices at 3:30 p.m. in Mumbai. The measure reached a
three-month high on April 4. The SP CNX Nifty Index on the
National Stock Exchange dropped 0.1 percent to 5,883.50, while
its April settled at 5,902.10. The BSE 200 Index rose 0.1
percent at 2423.17
To contact the reporter on this story:
Rajhkumar K Shaaw in Mumbai at
rshaaw@bloomberg.net
To contact the editor responsible for this story:
Reinie Booysen at rbooysen@bloomberg.net
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