Indian Stocks Slide Most Since May After Troops Clash With China

(Bloomberg) — Indian stocks slipped, halting a six-day rally, after the government said troops clashed with Chinese soldiers along the disputed Himalayan border. Still, the main equity gauge capped a third straight monthly gain.Volatility surged as the S&P BSE Sensex slid 2.1%, the most since May 18, to close at 38,628.29 after having advanced 1.4% earlier in the day. The NSE Nifty 50 Index ended 2.2% lower. Sentiment was also impacted due to a decision by India’s market regulator to not extend the Sept. 1 deadline for implementing new rules on margin pledge. Brokers who don’t comply with them from …read more

Source:: Yahoo Finance

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