Mumbai: Indian stocks dropped, paring a monthly advance, amid concern that the recent rally may have outpaced the outlook for earnings growth and as most Asian equities decreased after the Bank of Japan’s policy decision.
ICICI Bank Ltd. had the steepest fall in more than a month before its earnings, the worst performance on the S&P BSE Sensex. Bharti Airtel Ltd. decreased the most in two weeks. Larsen & Toubro Ltd., the nation’s engineering firm, retreated for a second day before its June-quarter results.