(Bloomberg) -- Indian stocks fell for the first time in six days as investors judged recent gains to be excessive in relation to earnings potential.
Cipla Ltd., the nation's second-biggest drugmaker, plunged the most in a more than a decade after reporting a profit that missed analyst estimates, prompting Credit Suisse Group to lower its rating on the stock. Reliance Industries Ltd., which also reported earnings late yesterday, slumped following a rating cut at Deutsche Bank AG.
Read more at Bloomberg Stocks News
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