Indian Shares Log Worst Month Since March

Indian equity benchmarks suffered their steepest monthly drop since March as surging oil prices and global interest rate hikes drove massive foreign outflows. The Nifty 50 fell 6.1 percent while the BSE Sensex declined 5.8 percent amid broader market weakness.

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The Bombay Stock Exchange logo is seen under a bull statue at the entrance of their building in Mumbai, India January 30, 2018. REUTERS/Shailesh Andrade

India benchmark shares logged their steepest monthly drop since March, falling 6.1% to 22,620.45 for the Nifty 50 and 5.8% to 72,480.29 for the BSE Sensex.

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