Mahantesh Sabarad, Independent Market Expert, says the market expects a continuation of the government and better monsoon forecast. If these two things happen, there will be solid earnings growth. We might expect a little bit of moderation in valuation, but the market momentum will not get disturbed and will not see a great fall. We … Read more
The normal monsoon withdrawal date is October 15. Coincidentally, both 2010 and 2020 had Lal Nina. India Meteorological Department (IMD) on Monday predicted that the monsoon would be ‘normal’ during August-September. However, a possible emergence of La Nina in the Pacific Ocean from October may prolong the monsoon season and bring in more rains during … Read more
Ramnath Temple submerged in flood water of Aji River after heavy rain, in Rajkot, Gujarat. (Courtesy: PTI Photo) Incessant rains claimed nine lives in Gujarat on Monday and flooded major rivers in the state, prompting 1,900 people to move to safety, even as the IMD forecast heavy showers for parts of north India, Bengal and … Read more