The rally was mainly driven by financial, consumer durables, auto and oil and gas stocks.
Monsoon tourism, as it is known, has performed beyond the expectations of tour operators, garnering a 50 per cent increase in both in-bound and out-bound traffic.
Cement manufacturers have hiked prices after a challenging Q1FY25, and Q2FY25 (so far) when general elections and seasonal factors cut down on construction activity. The August prices are currently around 3-6 per cent above July 2024 but may not be sustainable in the face of weak demand. H2FY25 may see realisation growth which, if it happens, would drive average operating profit/tonne improvements in H2FY25 over a muted H1FY25.
A minister said the country had 7% less rain than normal.
There could be occasional gusty winds reaching 40-50 kmph as per the weather bureau's prediction.
Packages for this season are 30-40% cheaper than peak season and are for value-conscious travellers.
India has recorded its first two deaths due to seasonal influenza subtype H3N2, one each from Karnataka and Haryana, with the Union health ministry on Friday saying it is keeping a close watch on the situation and cases are expected to decline from the month-end.
As much as 46 per cent of the respondents in India are looking to travel in October-December, even as only six per cent of them have made bookings, indicating that most of them may look either for last-minute deals or opt for a road journey, as per a survey. The survey, conducted by the online platform LocalCircles, also revealed that the festive season (October-December) is likely to see a 60 per cent jump in citizens travelling as compared to the monsoon season (August-September). About 34 per cent of respondents said they are planning to visit family and friends in October-December.
The IMD said that there has been an increase in the rainfall activity in Kerala and monsoon could hit the state anytime now.
According to Skymet Weather, the initial surge in the Monsoon rains can be attributed to the transition of El Nino into the neutral phase.
If you are bullish on the consumption theme, consider specialised mutual funds that focus on this theme. Remember that such sectoral mutual funds should not make up more than 5% to 10% of your equity portfolio.
The southwest monsoon which reached the country on May 30 well within its normal onset date
Agriculturally important UP, MP, Haryana, Maharashtra, and Punjab received 20-30% shortfall in rain
Simply follow these filmi, fashionable tips from these stylish divas and pep up your monsoon wardrobe like never before.
Cement manufacturers' show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline. Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.
After some enforced slowdown in offtake during April-May 2024 due to elections, the cement sector is looking at a possible demand rebound which may help it to push up prices. The April'24 offtake was muted while May'24 saw some improvement with a likely 5-6 per cent rise in demand month-on-month (MoM). In June, some price hikes seem to have been taken, which suggests more sustained improvement in demand.
From florists in Ghazipur's phool mandi to sweet shop owners in Old Delhi's Chandni Chowk, the preparations, if not the sales, have already begun.
Total vehicle retail sales in India rose 27 per cent year-on-year to 22,06,070 units in April as all segments, including passenger vehicles and two-wheelers, witnessed growth, industry body FADA said on Wednesday. The overall vehicle registrations stood at 17,40,649 units in April 2023. Passenger vehicle retail sales rose 16 per cent to 335,123 units last month as compared to 289,056 units in the same month last year.
Wet hair is weak and susceptible to break. Always cover your hair before stepping out.
Some of the easily digestible spices during monsoon are garlic, asafetida, pepper, ginger, turmeric, cumin and coriander. They also provide excellent nutrition.
Anything between 96-104 per cent of the LPA is considered as normal rainfall while precipitation in the range of 104-110 per cent is termed 'above normal'
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
The best places to enjoy the rains to the fullest!
The India Meteorological Department (IMD), for the first time, officially hinted at a drought-like situation, saying the southwest monsoon over India in 2012 is likely to be deficient at below 90 per cent of the Long Period Average (LPA).
Skincare expert Dr Parul Kolhe tells us how to keep our skin healthy and glowing all through the monsoon.
The India Meteorological Department said on Tuesday monsoon rains are expected to be below normal at 95 per cent of the long period average, with margin for error of plus or minus 4 per cent.
Sales of fast-moving consumer goods (FMCG) witnessed significant recovery in September after enduring a double-digit decline in August, according to data furnished by Bizom. Kirana stores in rural areas stocked up in preparation for the festival season, which began in September. This, combined with rainfall reaching 113 per cent of the long-perid average for the month, contributed to a boost in sales.
The aim of the programme is to increase the water table in the stressed areas through dams, ponds, and afforestation. According to a NITI Aayog study, by 2030, the country's water demand is projected to be twice the available supply, implying severe water scarcity for hundreds of millions of people and an eventual 6 per cent loss in the country's GDP.
Movement of rupee and crude oil prices will also dictate the trend
Trade sources believe that tomato supply from Maharashtra has slumped due to incessant rain in the state towards the fag end of the monsoon season, reports Dilip Kumar Jha.
Dr Parul Kolhe gives readers tips on how to fight humidity and scalp infections during the monsoon.
This may rescue pulses, cotton and oilseed sowing; rain revival in the south to take longer
Passenger vehicle wholesales crossed the 10-lakh mark for the first time ever in the June quarter riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday. Total dispatches of passenger vehicles in the first quarter stood at 10,26,006 units, up 3 per cent as compared with 996,565 units in April-June FY24. Utility vehicle sales rose 18 per cent to 645,794 units in the first quarter as against 547,194 units in the year-ago period.
The El Nino impact on the Indian monsoon typically manifests by way of extended break in rainfall.
Monsoon is critical for the country's 263 million farmers and their rice, cane, corn, cotton and soybean crops because nearly half of its farmland lacks irrigation.
Delay in monsoon has affected the sowing operations of various crops during the kharif season, reducing the acreage of these commodities this year.
The monsoon rains are crucial for farm output and economic growth as about 55 per cent of the south Asian nation's arable land is rain-fed.
Thanks to global warming, soon you may not see the monsoon rains, which in normal circumstances hit the Kerala coast around June 1 every year. Again, you may not see the crops which normally come to the market during harvest season.
The load-shedding has been in force for the last several months as the water level in reservoirs depleted drastically due to deficient rainfall last year.
