If the weather phenomenon hits India, impact will be felt across sectors; be cautious on stocks based on rural consumption.
The Indian Met Department has predicted a below normal monsoon.
This is the index's biggest single-day fall in almost a month
'It affects our economy, it is very important in many ways.' 'So we have to be the foremost experts in the world on the monsoon.' 'But the best minds in India have not devoted their time to the study of monsoon and they have followed the fashions of the West.'
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