Indian shares drop to four-week low on foreign selling, growth concerns amid rising oil prices, rates
- Indian shares have fallen 3% from mid-September highs due to foreign selling and growth concerns.
- Higher global interest rates and crude prices are fueling inflation risks and prompting equity outflows.
- Losses in IT, banks, and consumer stocks have led the declines over the past week.
- Analysts cite risks of extended weakness if foreign selling continues alongside rising yields, oil prices.
- Equity markets may remain volatile in near term before stabilizing.