September’s losing streak

Emerging markets, including India, lost more than the US markets

S&P CNX Nifty 10 per cent

S&P 500 9 per cent

Dow Jones 6 per cent

Emerging markets 18 per cent

The worst-hit

Index Decline

BSE Realty 32 per cent

BSE Metal 25 per cent

The outperformers

Index Decline

BSE FMGC 1.6 per cent

BSE oil and gas 7.6 per cent

Net sales by FIIs in September Rs 82 billion

Going forward, we expect the market to remain range-bound. Though developments in the US will be closely monitored, the focus would shift to domestic cues with the second quarter results most likely to dictate the course of the market in the coming month.

Chetan Majithia, head-equities, CRISIL Research