Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
The IMD on its part is sticking to its forecast of July rainfall.
Indian economy is expected to expand at 8.5-9 per cent over 10-15 year time frame once the structural issues hampering growth are addressed by the government.
A countrywide truckers strike has hit India's diesel sales and oil companies could be forced to cut refinery runs and reduce imports if the protest continues, industry officials said on Wednesday.
India recorded 125 extremely heavy rainfall events during September and October of 2021, the highest in five years, owing to late withdrawal of the southwest monsoon and higher-than-normal low-pressure systems, India Meteorological Department (IMD) said on Tuesday.
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
A rise in farm sector is estimated to raise demand for industrial goods and services, it added.
About 60 per cent of net sown area of the country is rain-fed. With every one per cent deficit in rains, the country's gross domestic produce falls by 0.35 per cent.
The company, which sells every second car in the domestic market, said it expected production and sales to grow between 4 per cent and 8 per cent for the financial year started in April.
India's agricultural production could see its biggest drop in more than two decades this year, due to a drought that hit nearly one-third of the country, Centre for Monitoring Indian Economy said on Friday.
RBI says, it cut rates as growth was not happening at ground level.
Scanty rain would have put extra pressure on food prices.
Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers' body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including passenger vehicles and two-wheelers were up as compared with April last year.
About 15 per cent of the country's total GDP comes from agriculture.
The government on Thursday said it will not allow prices of essential food items to increase due to the impact of possible deficient monsoon this year.
'After the 4th of May we can expect thunderstorms, dust storms and some rain over a large area of north India.'
The pay hike has been made effective from January 1, 2016.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council (WGC). The demand stood at 165.8 tonnes in the first three months of 2021. In terms of value, gold demand dropped 12 per cent to Rs 61,550 crore in the January-March period. It stood at Rs 69,720 crore in the year-ago period, the 'Gold Demand Trends Q1 2022' report released by the WGC said.
At least 33 people have been killed in flash floods in Bihar till Tuesday evening and 25.71 lakh people are affected in 16 districts of the state.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
The weather department has said that the skies are expected to be partly cloudy for the next few days in Delhi.
However, the estimates could change in the coming months, as full impact of excess rainfall and floods on the standing soybean and urad crops in central and western India in late August and September has not yet been fully taken into account.
Cabinet sub-committee to meet to review the situation and take necessary steps. Sanjay Jog reports
Central Statistics Office has come out with GVA to measure growth.
The Crisil study covered 600 companies excluding financial services and oil companies, representing 71 per cent of the overall market capitalisation of India Inc.
'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
The Indian economy is projected to grow at 6.3 per cent in current financial year aided by investment and domestic demand. According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment. In India, which accounts for the bulk of South Asia region, growth is expected to remain robust at 6.3 per cent in 2023-24, India Development Update of the World Bank said.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
'Equity investing should be for longer than a year's perspective.'
Though agriculture ministry officials are confident of a bumper harvest due to record increase in kharif acreage, experts and farmers said the on-ground situation in some crops is not that encouraging as incessant rains since the last few weeks and pest attack could impact the final yield.
Always stay hydrated, be it for a good skin, great metabolism or best quality of hair, says Sowmya Raghunandan.
Poor rain threatens recovery in production this season, sugar prices at three-month high
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
Traffic in national capital Delhi and adjoining Gurugram went haywire on Wednesday after heavy rains resulted in waterlogging in many parts of the city.
Since 2000, India has had three serious droughts.
'When you are travelling in Mumbai when the air quality is bad, you feel suffocated.' 'You may feel uncomfortable breathing Delhi air, but the level of discomfort is higher in Mumbai.'
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances