Indian shares set for worst fiscal since 2020 as foreign exodus, war, trade woes bite
By Bharath Rajeswaran
Published on March 30, 2026.
India's benchmark indexes are on track for their weakest financial-year performance in six years due to a combination of geopolitical shocks, U.S. tariffs, and record foreign investor outflows. The Nifty and Sensex underperformed other Asian and emerging market peers in fiscal 2026 and are trading at a nearly one-year low levels. The benchmark 10-year bond yield hit 6.97% on Monday, the highest since July 2024. Experts believe that a prolonged Iran war could be a major concern due to India's dependence on crude.
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Indian shares set for worst fiscal since 2020 as foreign exodus, war, trade woes bite
India's stock market faced its worst fiscal year since 2020 due to geopolitical shocks, high crude prices, and record foreign investor outflows, particularly in the wake of the Iran war.