India’s Sensex Completes Third Weekly Drop as Asian Shares Fall
- Metal, energy shares decline; Coal India rises before results
- Consumer prices accelerate in challenge to monetary policy
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Indian stocks tumbled, with the benchmark index declining for a third consecutive week, after inflation accelerated and a rout in commodities dragged down Asian equities.
Vedanta Ltd., the nation’s largest copper producer, sank to a five-week low and aluminum producer Hindalco Industries Ltd. declined for a fourth week. Oil & Natural Gas Corp., the largest state-owned oil explorer, decreased 3.4 percent. Tata Consultancy Services Ltd., India’s most valuable company, slid to its lowest close this year.