India's below-par performance continues in March, markets fall 2.5%

The fall in the Indian market was triggered by a global risk-off amid rising US bond yields

Indian market has fallen 2.5 per cent in dollar terms so far this month, the most among major global markets. Last month, India was the worst-performing market with a near 5 per cent 

drop. Since February, the domestic market has come off 7.4 per cent, a below-par performance of 170 basis point compared to Eurozone, the second-worst performing region.

However, due to a 4.5 per cent rally in the benchmark S&P BSE Sensex in January, the year-to-date fall is a modest 2.9 per cent.

The fall in the Indian market was triggered by a global risk-off amid rising US bond