July 29 (Bloomberg) -- Indian stocks fell for a third day, led by Tata Motors Ltd. and DLF Ltd. after investors judged recent gains excessive.
Tata Motors, India's biggest truckmaker and owner of Jaguar Land Rover Ltd., sank 5.3 percent, paring its year-to-date gain to 146 percent. DLF Ltd., the biggest real estate developer, slumped, lowering this month's advance to 28 percent. Tata Steel Ltd. sank 6.5 percent after it reported a worse-than-expected 47 percent drop in first-quarter profit.
The Bombay Stock Exchange's Sensitive Index, or Sensex, fell 200.64, or 1.3 percent, to 15,131.30, according to preliminary closing prices. The gauge changed direction at least six times. The S&P CNX Nifty Index on the National Stock Exchange lost 1.4 percent to 4,500.20. The BSE 200 Index retreated 1.4 percent to 1,856.63.
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