Indian Markets Post Worst September Quarter in Decade as Oil, Forex Outflows Bite
· Business · LiveMint, Financial Times
Indian equities recorded their steepest September-quarter decline in over a decade, with the benchmark Sensex falling 4.9% amid volatile oil prices and foreign capital outflows. The downturn followed a 6.3% rise in the June quarter. Geopolitical tensions, higher US Treasury yields, and an uneven monsoon affecting rural demand contributed to the correction. Analysts expect near-term caution as elevated crude prices and foreign fund withdrawals persist. Domestic institutional flows and steady consumption provided some support during the quarter.
Why it matters
The market slump affects retail investors, SIP returns, and corporate fundraising plans, with elevated oil prices posing risks to inflation and growth.
Read the original report — LiveMint
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