{
  "id": 10574055,
  "title": "Market plunges, more bad weather may lie ahead",
  "url": "https://urgent.news/2026/09/29/market-plunges-more-bad-weather-may-lie-ahead",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T00:35:59.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/opinion/editorials/sensex-market-selloff-fpi-outflows-10898163/"
  },
  "original_language": "en",
  "account": "Indian markets experienced a significant decline on Monday, with the BSE Sensex falling by 1,124 points, or 1.52%, at the close of trading. The decline was widespread, affecting various sectors such as public sector banks, consumer goods, utilities, automobiles, and financial services.\n\nInvestors have been grappling with declining sentiment since the start of the year, as the Sensex lost nearly 15% of its value. This downward trend can be attributed to multiple factors. The conflict in West Asia, coupled with soaring energy prices, has put a strain on the market. Recently, oil prices took a sharp upward turn following US President Donald Trump's rejection of Iran's proposal to reopen the Strait of Hormuz.\n\nThe economic situation in developed nations has also contributed to the market turmoil. The 10-year US bond yield has risen to 5.2%, indicating increased borrowing costs. Global financial conditions are tightening, adding to the uncertainty. Foreign portfolio investors have once again turned into sellers, withdrawing $2.1 billion from Indian markets in September alone, pushing outflows to $26.2 billion for the year, as compared to $18.9 billion in 2025.\n\nDespite these challenges, India Inc's corporate earnings have been robust. ICRA, a credit rating agency, anticipates revenue growth for Indian companies between 13 and 15% in the second quarter of the current fiscal year. However, operating profit margins are expected to remain under pressure.\n\nThe near future will likely be influenced by a combination of global and domestic forces. Internationally, market participants will closely monitor upcoming data for hints on potential interest rate adjustments by the US Federal Reserve. Simultaneously, the duration and severity of the conflict in West Asia, as well as its repercussions for energy markets, will continue to play a role. Domestically, the impact of El Niño on crop yields and the extent of policy tightening, as the Reserve Bank of India's Monetary Policy Committee meets next week with the possibility of a rate hike, will also be crucial factors shaping the market.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}