Dear Reader,
The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.
Every year scores of Indians await the monsoon rains. The rains provide respite from sweltering heat to all, rejuvenate ground water levels and help kickstart Kharif, the biggest crop season in India. So, a higher than normal rainfall should have brought relief for citizens and policymakers.
On the contrary, many citizens and businesses would like to see an end to the monsoon rains this year. Excess rains have inundated several parts of the country damaging crops, disrupting supply chains and business activities. And now, a delayed monsoon withdrawal is posing risk to the harvest season.
Apart from damage to personal properties and livelihoods, the harsh rains have driven up vegetable prices and hurt sales of certain businesses.
Heavy rains are feared to have impacted sales of exterior paints, beverages and out of home consumption products. Channel checks by analysts indicate subdued retail sales in the automobile sector in September. Weak sales of residential properties are also partly attributed to heavy rains.
In agriculture, farmers skipped a couple of agrochemical sprays due to continuous rains. This can lead to higher returns of unsold goods in the agrochemical sector. “Though crop prices remain firm, and acreages sown expanded, we forecast a moderation in growth for domestic agrochem,” warn analysts at Nuvama Institutional Equities.
With Ganesh Chaturthi and Onam failing to lift sales in automobile and real estate sectors, hopes are now pinned on Dusshera and Diwali. Read Vatsala Kamat’s piece to know the answer to the question: Will it be a festive season sans cheer for automakers?
Excess rains have helped improve water levels at key reservoirs and good soil moisture augurs well for Rabi or the winter crop season. Analysts expect an improvement in sales of tractors and two-wheelers.
Still, as India faced unusually harsh monsoon rains, the seasonal slowdown faced by businesses and the hit to individual incomes seem more acute this year.
Investing insights from our research team
India's semiconductor push: Putting all the chips on the table
Crompton Consumer: Building momentum for growth
What does Advent Group’s equity infusion mean for Apollo Hospital stock?
Tracker
Pro Economic Tracker: Consumer sentiment, activity strengthen as festival season steps up
What else are we reading?
Buy the Dip or Buy the Breakout?
Core sector production shrinks for the first time since February 2021
Swiggy IPO shines the spotlight on Quick Commerce opportunity
Has the outlook for steel companies turned brighter?
Toxic work culture: How to stop product misselling in banks
Has the stock market made Indian households rich, post pandemic?
Banks have a new-found love for industries. Sign of a reviving economy?
Chart of the Day: Stressed power plants get a fresh lease of life
Private equity puts the L back in LBO (republished from the FT)
Why is the Opposition so unnerved by the RSS and relentlessly attacking it?
Platformisation is an effective vehicle to reach the net zero goal
Securing coastal communities’ livelihoods through mangrove conservation
Rethinking Education: Vishal Vasanthakumar’s book unveils the truth of India’s education system
Tech and Startups Cred revenue rises 66% to Rs 2,473 crore in FY24, losses down by 41% to Rs 609 crore
Markets
GIFT City-based IIBX struggles with gold derivatives as volumes fail to pick up
Technical Picks: Indegene, Tata Chemicals, Kaynes Technology India, ONGC
We have a crack team of reporters writing on everything startups and tech. We are fans of their newsletter Tech3 that lands in our inboxes every weekday evening. You can catch up on the day's happening tech and startup stories, including news, scoops, and analyses. If you have not already subscribed to it, click on this link to sign up.
A new offer for you and your friends--The MC Pro Elite Club referral programme. Invite friends to subscribe to Pro, and you could earn up to Rs 1000/- on eligible subscriptions. Plus, your friends get Rs 200 when they subscribe for the first time. Click here to know more.
Thank you for subscribing to Moneycontrol Pro. Check out our offers page here for exclusive discounts on select brands and giveaways.
We would love to hear from you. For any feedback on the product and suggestions please click here. We promise to read your responses although we might not be able to reply to each one individually.
R Sree Ram
Moneycontrol Pro
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
