India the worst major market in September

Sensex down 3.7% in dollar terms amid economic growth concerns; in comparison, the MSCI EM index has lost 1% during the month

India is likely to earn the worst-performing major market tag for September. So far this month, the benchmark BSE Sensex is down nearly four per cent in dollar terms. In comparison, the MSCI EM index, a gauge for the performance of emerging market (EM) equities, has lost about one per cent during the month.

The correction in the domestic market has been more pronounced in the past fortnight with Indian markets dropping six per cent in dollar terms.
 

India’s relative underperformance is on concerns of an economic slowdown and a delay in revival of growth in corporate earnings.

India’s gross