Indian equities log worst month since March as oil and foreign outflows bite

Indian equity benchmarks logged their steepest monthly drop since March, with the Nifty 50 sliding 6.1% and the Sensex declining 5.8% in September.
All 16 major sectors slipped, led by information technology's 11.2% loss, showing the selling was broad rather than concentrated.
Foreign investors offloaded $2.7 billion worth of Indian shares in September as soaring oil prices kept inflation worries alive and global rate hikes pushed capital toward safer assets.
The rupee and the benchmark bond also lost ground, meaning the stress hit Indian financial assets across equities, currency and fixed income rather than staying equity-specific.

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