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The India Meteorological Department (IMD) has, however, not shared any details of when the monsoon current is likely to enter the national capital
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Scientists at the India Meteorological Department (IMD) have also detected early signs of a favourable monsoon season this year with fading El Nino conditions and reduced snow cover over Eurasia. The Met office will issue a monsoon forecast later this month.
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Monsoon rains are expected to be 102% of the long-period average of 868.6 mm for the four-month period, Skymet said.
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The central and western parts of India, which form the core monsoon zone, may face challenges in coping with the drying effects due to inadequate rainfall early in the season, Skymet Weather said.
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Deficient rains can be a bane for agri- and rural-centric companies, while a boon for sectors that offer respite from scorching heat
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In its earlier foreshadow released on January 4,2023, Skymet assessed the monsoon 2023 to be sub-par and now retains the same.
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Light to moderate rain, with some heavy spells, is also expected in parts of north India and some areas of Maharashtra, Chhattisgarh, Madhya Pradesh
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According to IMD, heavy downpour with thunderstorm and lightning is expected over southeast Rajasthan, Himachal Pradesh, and Uttarakhand
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Isolated heavy to very heavy rain predicted for west Rajasthan and Uttarakhand from July 5 to 7
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The India Meteorological Department expects well-distributed rainfall in July
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Scattered to moderate rainfall may take place in northeast India, Kerala, interior Karnataka, parts of Tamil Nadu, and Telangana.
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The rainfall during the current monsoon season is likely to be 103 percent of the long-period average, which would then mark the fourth consecutive year of India experiencing a normal monsoon season, according to the India Meteorological Department's second long-range forecast.
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Skymet has predicted light to moderate rain over the next 24 hours for parts of northeast and isolated pockets of south interior Karnataka and Kerala
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Several cities in the country have breached a 45-degree mark says Mahesh Palawat; average nationwide temperature in March was 33.1°C, beating out the 32.7°C recorded in March 2021, the third warmest on record, he says
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In the last three weeks, shares of AC manufacturer Blue Star gained about 16 percent. Stocks of peers Symphony and Voltas have surged 14 and 21 percent, respectively, since the start of March.
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This is an initial forecast and a complete assessment is set to arrive in April
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The upcoming Dahej plant would cut down raw material costs and open export avenues for Dhanuka Agritech
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The two indices will only be representative in nature for rainfall in the country and will not be available for trading.
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Pre-monsoon rainfall, colloquial referred to as 'mango showers', is vital to many parts of the country. In states like Odisha, ploughing is done in the pre-monsoon season and in parts of northeast India and the Western Ghats, it is critical for plantation of crops.
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Skymet previously said the monsoon would reach Kerala, commencing the four-month rainfall season in the country, on June 4 with an error margin of plus or minus two days.
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Investors should take the initial monsoon forecasts with a pinch of salt. Also, key factors to watch out for in sectors that depend on rural demand
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PSU bank and media stocks are the biggest losers led by PNB, Syndicate Bank, State Bank of India, IDBI Bank, Zee Entertainment and DEN Networks.
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Speaking about delayed and deficient monsoon, Sharma said that normally El Nino is linked with the poor performance of the monsoon.
