New Delhi, Oct. 1 -- The Indian stock market witnessed a sharp correction in September, with both benchmark indices ending the month significantly lower.

The BSE Sensex fell around 4,320 points, or 5.6-5.8%, from nearly 76,800 on August 31 to 72,480.29 on September 30. Meanwhile, the NSE Nifty 50 declined by around 1,364-1,450 points, or 5.7-6.1%, from 24,080.40 at the end of August to approximately 22,630-22,716 by the end of September.

"The recent correction, which has pulled the Nifty toward the 22,200-22,500 zone and the Sensex near 71,400-72,400, reflects a combination of valuation reset and persistent global headwinds," said Seema Srivastava, Senior Research Analyst at SMC Global Securities.

According to market experts, everal gl...