Nifty closed out its worst September derivatives series in 25 years as relentless selling dragged the index below a key long-term support zone last tested during the Covid crash. The benchmark was down 6.7% during the said period, a fall last seen in September 2001, when the index recorded a decline of 6.5%.
The September series has been brutal for Dalal Street. Nifty lost more than 1,400 points during the series, while foreign selling, elevated crude prices, a weak rupee and hardening bond yields kept risk appetite under pressure.
