New Delhi, April 17 -- A sharp global energy shock and rising stagflation risks triggered a synchronized selloff across global asset classes in March 2026, though Indian markets demonstrated relative resilience against a backdrop of record foreign outflows. According to PL Asset Management, the asset management arm of PL Capital Group, the month was defined by a systemic correction in equity markets worldwide after crude oil prices spiked 52 per cent following disturbances in the Strait of Hormuz.

This surge in energy costs drove global inflation higher, compelling central banks to maintain a higher-for-longer interest rate policy. The resulting de-risking saw major indices tumble, with South Korea's KOSPI falling over 19 per cent and Ja...