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Indian stocks tumbled as a global bond rout gathered momentum and oil prices remained elevated, deepening concerns over the outlook for the crude-importing nation.
Indian equities are breaking through a series of long-held technical support levels as a selloff gathers pace in a market once considered an emerging-market darling.
A selloff in shares of Indiaโs online insurance sellers deepened on Friday as analysts pared earnings expectations after the industry regulatorโs proposal to cap commissions and management expenses.
Tata Group stocks gained following Indian banking regulatorโs refusal to exempt the conglomerateโs holding company Tata Sons Pvt. from a rule that requires it go for a public listing.