Nifty 50 Suffers Worst September Series in 25 Years, Dropping 6.3%

The Nifty 50 fell 6.3% in September, marking its worst monthly performance for the month since 2001 amid rising crude prices and higher bond yields.

The index tested the 22,600 to 22,580 region near its 200-week moving average before staging a partial recovery.

Analysts note that a decisive break below 22,580 could expose the benchmark index to further correction towards 22,400.