<h1>Indian stocks dip as private banks cool; conglomerate jumps 13% after regulator clears group of manipulation allegations</h1> Benchmark Indian equity indices slipped after profit-taking in major private-sector banks, while shares of a large industrial conglomerate surged up to 13% after the national markets regulator cleared the group of stock-manipulation allegations brought by a foreign short-seller. The regulator's probe concluded that intra-group fund transfers did not breach applicable rules. The session saw mixed sector performance, modest foreign institutional buying, and divergent regional market moves; commodity prices edged lower. The regulator's exoneration drove the sharp rally in the group's listed companies.