Nifty Posts Worst September Derivatives Series in 25 Years Amid Foreign Selling
· Business · Economic Times, LiveMint
The Nifty index recorded its worst September derivatives series in 25 years, tumbling 6.7% and breaching its 200-week moving average at 22,600. Sustained foreign institutional selling, elevated crude oil prices, a weakening rupee, and rising bond yields intensified selling pressure across Dalal Street. The benchmark lost more than 1,400 points during the series, entering its longest weekly losing streak since 2020. Analysts note that 22,600 acts as a crucial support level, with immediate resistance seen at 22,800. A decisive breakdown below the current support level could trigger further market corrections in October.
Why it matters
The sharp market correction impacts retail and institutional portfolios across India, signaling heightened volatility as equities test multi-year support levels.
Read the original report — Economic Times
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