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    El Nino Impact: Gainers and losers if monsoon fails

    Deficient rains can be a bane for agri- and rural-centric companies, while proving to be a boon for sectors that offer respite from scorching heat

    Moneycontrol Research
    March 02, 2023 / 10:15 AM IST
    El Nino Impact: Gainers and losers if monsoon fails

    Climate phenomena such as El Nino and La Nina, which have an important bearing on the Indian monsoon, are closely tracked. (Representative image: AP/ Rafiq Maqbool)

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    Highlights Probability of El Nino and sub-par rains Deficit rain years haven’t been good for equity markets Agrochemicals, tractors, 2W, rural-centric FMCG, and retail to face the heat A few winners such as cold beverages, aircon, coal, thermal power, and power exchange India has come a long way to reduce its over dependence on the agrarian sector with a sharp spurt in the share of services. Nevertheless, come late spring, all eyes will be on the monsoon forecast. Although agriculture accounts for around 19...

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