New Delhi, Sept. 30 -- Indian equities slipped into the red in the September quarter (Q2FY27) following an impressive show in the June quarter (Q1FY27). Relinquishing early gains, markets transitioned into a corrective phase as global and domestic pressures mounted.

Globally, escalating geopolitical tensions, surging US 10-year Treasury yields, and volatile crude oil prices severely tested investor sentiment during the quarter. Back home, an uneven monsoon season-marked by a rainfall deficit in key agricultural regions-heightened concerns over rural demand and food inflation.

The Federal Reserve's September rate hike-its first in three years-and hawkish stance triggered renewed foreign capital outflows. Meanwhile, steady consumption and...