Indian (SENSEX) stock-index futures fell after benchmark indexes declined for a third day yesterday to the lowest level in more than a week.

SGX CNX Nifty Index futures for November delivery dropped 0.5 percent to 6,196 at 9:47 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index fell 0.5 percent to 6,187.25 yesterday. The S&P BSE Sensex lost 0.4 percent to the lowest level since Oct. 28. The Bank of New York Mellon India ADR Index of U.S.-traded shares slid for a seventh day. One-month rupee forwards decreased for a third day today.

The Sensex fell yesterday after the rupee weakened to a five-week low against the dollar, threatening to fan inflation and limit the central bank’s ability to cut interest rates and spur an economy growing at the slowest pace in a decade. Foreign investors were net buyers of Indian stocks for a 23rd straight day on Nov. 6. The MSCI Asia Pacific Index dropped today after faster-than-estimated U.S. economic growth stoked concern the Federal Reserve will pare stimulus sooner than expected.

“The markets are delicately poised,” Arun Kejriwal, director at Mumbai-based Kejriwal Research & Investment Pvt., said in a phone interview. “Foreign inflows are strong and that will act as a floor for the markets. At the same time, we need more proof of an economic rebound to sustain the rally.”

MSCI Changes

Shares of Tech Mahindra Ltd. (TECHM) may move. The software maker reported net income of 7.18 billion rupees ($ 115 million) for the quarter ended Sept. 30 after the market closed yesterday, compared with the median estimate of 7.22 billion rupees in a Bloomberg survey of analysts. The stock will be added to the MSCI India Index after the close of trading on Nov. 26, MSCI Inc. announced yesterday in its semi-annual review.

Nestle India Ltd. and Yes Bank Ltd. will also be added to the index. Unitech Ltd., Bank of India, Canara Bank and Wockhardt Ltd. will be removed.

Tata Motors Ltd. (TTMT), owner of Jaguar and Land Rover, may report today profit of 28 billion rupees for the quarter ended Sept. 30, according to the median estimate of 39 analysts surveyed by Bloomberg.

Net incomes at 16 of the 20 companies in the Sensex that have posted results exceeded analyst estimates, according to data compiled by Bloomberg. About 47 percent of the 30 companies in the index missed forecasts in the previous quarter.

International investors bought a net $ 46.1 million of stocks on Nov. 6, extending this year’s purchases to $ 16.4 billion, the highest after Japan among 10 Asian markets tracked by Bloomberg.

The Sensex has risen 7.2 percent this year and trades at 13.8 times projected 12-month profits, compared with the MSCI Emerging Markets Index’s 10.5 times.

To contact the reporter on this story: Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net

To contact the editor responsible for this story: Michael Patterson at mpatterson10@bloomberg.net