Markets end September quarter in the red. Will Q3 bring relief or more pain?
Indian markets moved higher in a quarterly results development.
30 Sept 2026 · LiveMint Markets
Indian equities concluded their worst September quarter in more than a decade as surging crude oil and persistent foreign capital outflows dragged indices down. With lingering geopolitical risks and impending corporate margin pressure, analysts expect near-term market movement to remain constrained.
The analysis
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
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