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Indian stocks rose in the last hour of trade, tracking a rally in European shares before the U.S. Federal Reserve’s policy review, as lenders and drugmakers advanced.
India’s smaller companies tumbled and the nation’s benchmark stock index approached a bear-market zone as concerns about slowing global economic growth dragged down Asian equities.
Indian stocks dropped from a two-month high after quarterly earnings of Bharti Airtel Ltd. and Housing Development Finance Corp. disappointed investors.