India’s Sensex Drops Most in Two Months as Chinese Stocks Tumble
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Indian stocks fell the most in eight weeks as investors weighed the impact of a slump in China’s stocks and the rout in commodities on the global economy.
Tata Motors Ltd. retreated to a 16-month low amid concern that China sales of its Jaguar Land Rover unit may slow. Tata Steel Ltd. and Vedanta Ltd., India’s top copper producer, slid to their lowest since August 2013. Larsen & Toubro Ltd., the most valuable engineering company, sank the most in two months, and ICICI Bank Ltd. extended last week’s 5 percent plunge.